Decoding the Tax Implications of the One Big, Beautiful Bill Act for Companies & Investors

On July 4, President Donald Trump signed the One Big, Beautiful Bill Act into law, solidifying sweeping changes to the Internal Revenue Code that will impact nearly every business and investor.

On July 30, Buchanan tax attorneys convened to share their insights into the most significant changes impacting for-profit organizations and individuals.

In this advisory, we have summarized the most relevant information that you need to know in the following subject areas:

1. Business Tax Changes for QBI, R&D and Depreciation
2. Alterations to the Opportunity Zone Program
3. SALT, QSBS, and Business Interest Deduction Changes
4. Energy Tax Credit Reforms
5. International Tax Changes

Look to Buchanan to provide ongoing guidance. For more information, please contact the relevant tax attorneys who presented at the July 30 webinar and contributed to this advisory.

Authors:

Sahel Ahyaie Assar
Email: sahel.assar@bipc.com

Philip R. Hirschfeld 
Email: philip.hirschfeld@bipc.com

Jared J. Johnson 
Email: jared.johnson@bipc.com

Carl F. Staiger 
Email: carl.staiger@bipc.com

Lisa M. Starczewski 
Email: lisa.starczewski@bipc.com