AICPA wants guidance on deducting domestic research 

The AICPA has sent a letter to officials at the Treasury Department and the IRS asking for immediate guidance on a provision of the One Big Beautiful Bill Act allowing companies to fully deduct their domestic research costs this year. 

IRS announces no changes to individual information returns or withholding tables for 2025 under the One Big Beautiful Bill Act 

The IRS announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.