Editorial illustration of a US Capitol dome silhouette next to a stylized federal tax document

Federal tax update: TAS Act, OZ, and OBBBA

This federal tax update covers three developments that reach small and mid-sized business owners directly. Congress moved a bipartisan taxpayer service package out of committee, Treasury opened a comment window on the renewed opportunity zone rules under the OBBBA, and the Joint Committee on Taxation corrected four points in its own OBBBA technical explanation —…