08
Jul
On July 4th, President Trump signed in to law H.R. 1 — One Big Beautiful Bill Act (“BBB”) — a sweeping piece of tax legislation that reshapes key areas of the Internal Revenue Code. The BBB extends, modifies, or makes permanent a number of tax provisions originally introduced under the Tax Cuts and Jobs Act (TCJA), while also introducing several new provisions to the Internal Revenue Code. The following outlines some of the most significant changes likely to impact...