New Reconciliation BillabswilsJul 8, 20251 min readThe president has signed the One Big Beautiful Bill Act into law, which details a number of tax changes. Attached is the PDF with more information.2025 TAXBILL - One Big Beautiful Bill Act.pdfDownload PDF • 971KB
Firms Warn About IRS CP53E Notice ScamsAccounting firms are seeing an increase in scams involving the notices the IRS is sending to taxpayers when they don't provide their direct deposit information. See PDF linked below to read more.
Penalty Relief under the OBBBAThe IRS has announced penalty relief for the 2025 tax year for new tip and overtime reporting rules. For more information, read the PDF attached.
IRS Paper Checks DeadlineThe IRS, SSA, U.S. Department of Veteran Affairs, and other federal agencies will be phasing out physical checks by September 30. For...
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