The One Big Beautiful Bill Act

by Gina Gatchell | Nov 27, 2025 | Newsletter

The One Big Beautiful Bill Act (OBBBA) has now been in force for almost six months, and its impact is beginning to take shape across tax administration and compliance.

Key Highlights So Far

Streamlined processes: Several filing and reporting requirements have been simplified, reducing paperwork for both taxpayers and professionals.
Digital focus: The Act has accelerated the move toward electronic filing and communication, with more services now available online.
Compliance changes: Adjustments to penalty structures and reporting obligations are encouraging timely and accurate submissions.
Support for taxpayers: Expanded guidance and FAQs have been published to help individuals and businesses understand their responsibilities under the Act.

What This Means for You

If you file internationally, expect greater emphasis on electronic submissions.
Penalties for late or incomplete filings are being applied more consistently.
Businesses should review their internal processes to ensure they align with the new requirements.

Next Steps for Clients

Review your filing methods — confirm you are set up for electronic submissions.
Check compliance procedures — ensure your internal processes reflect the new requirements.
Update your records — keep documentation current to avoid penalties.
Stay informed — monitor IRS and government guidance for ongoing updates.
Book a call with us to discuss working with us, or:
Book a 30-minute consultation to get tailored advice on how the OBBBA affects your situation.

Read more about the OBBBA’s developments and how they may affect you.

Six months in, the OBBBA is reshaping compliance and filing practices. Proactive steps now will help you stay ahead and avoid penalties.

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