Tax News Highlights

Tax News Highlights

Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.

Recent updates

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IRS Releases More Guidance on Tips and Overtime
IRS Releases More Guidance on Tips and Overtime
The IRS released Notice 2025-69, which provides guidance for claiming the new deductions for tips and overtime compensation enacted by the OBBBA.
IRS Guidance Implementing OBBBA ERC Rules
IRS Guidance Implementing OBBBA ERC Rules
The One Big Beautiful Bill Act and a recent IRS chief counsel advice address the rules for the employee retention credit.
2025 Reporting Relief for OBBBA Tips and Overtime
2025 Reporting Relief for OBBBA Tips and Overtime
The IRS provided transitional reporting relief for the OBBBA tip and overtime compensation requirements, but relief is limited to amounts paid in 2025
OBBBA Makes Enhanced Opportunity Zones Permanent
OBBBA Makes Enhanced Opportunity Zones Permanent
Beginning in 2026, the One Big Beautiful Bill Act makes permanent enhanced qualified opportunity zone provisions originally enacted under the TCJA.
Proposed Regs Simplify QIE Rules for Domestic Corps
Proposed Regs Simplify QIE Rules for Domestic Corp
Newly proposed regulations simplify the rules for foreign investors in U.S. real estate and provide an easier path to more favorable tax treatment.
DE Unclaimed property Notices Expected Before Year-End
DE Unclaimed property Notices Expected Before Year-End
Businesses operating in Delaware should begin preparing now for a new round of unclaimed property notices expected before year-end.
IRS Releases More Guidance on Tips and Overtime
IRS Releases More Guidance on Tips and Overtime
The IRS released Notice 2025-69, which provides guidance for claiming the new deductions for tips and overtime compensation enacted by the OBBBA.
IRS Guidance Implementing OBBBA ERC Rules
IRS Guidance Implementing OBBBA ERC Rules
The One Big Beautiful Bill Act and a recent IRS chief counsel advice address the rules for the employee retention credit.
2025 Reporting Relief for OBBBA Tips and Overtime
2025 Reporting Relief for OBBBA Tips and Overtime
The IRS provided transitional reporting relief for the OBBBA tip and overtime compensation requirements, but relief is limited to amounts paid in 2025
OBBBA Makes Enhanced Opportunity Zones Permanent
OBBBA Makes Enhanced Opportunity Zones Permanent
Beginning in 2026, the One Big Beautiful Bill Act makes permanent enhanced qualified opportunity zone provisions originally enacted under the TCJA.
Proposed Regs Simplify QIE Rules for Domestic Corps
Proposed Regs Simplify QIE Rules for Domestic Corp
Newly proposed regulations simplify the rules for foreign investors in U.S. real estate and provide an easier path to more favorable tax treatment.
DE Unclaimed property Notices Expected Before Year-End
DE Unclaimed property Notices Expected Before Year-End
Businesses operating in Delaware should begin preparing now for a new round of unclaimed property notices expected before year-end.
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Rochelle Hodes
Rochelle Hodes
Principal, Washington National Tax