OBBBA method change: IRS Rev. Proc. 2026-32 covers § 174 R&E and § 460(e) residential construction
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OBBBA method change under IRS Rev. Proc. 2026-32?

BySW Accounting admin

Does the IRS finally have an automatic-consent path for OBBBA R&E and residential construction changes? Yes. IRS Rev. Proc. 2026-32 opens the automatic OBBBA method change for § 174, § 174A, and § 460(e), waives the usual eligibility bars through 2027, and gives one transition window that closes November 15, 2026. On September 4, 2026,…

Illustration of the 2026 SALT deduction cap — courts upholding the cap while the One Big Beautiful Bill raises the limit from $10,000 to $40,000, with a phase-out above $500,000 of income
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SALT Deduction Cap 2026: Now $40,000 (Courts Uphold It)

BySW Accounting admin

Is the SALT deduction cap going away in 2026? No. Federal courts continue to uphold the SALT deduction cap, with a New Jersey federal court dismissing another constitutional challenge in May 2026. But there is relief: the One Big Beautiful Bill raised the cap from $10,000 to $40,000 beginning in 2025, with a 1% annual…

A professional and modern conceptual illustration showing a stable corporate tax runway. The image features a bright, optimistic financial horizon with a stylized runway, glowing green upward-trending charts, and subtle representations of U.S. domestic investment and intellectual property. The color palette should lean toward vibrant greens (#28a745) and soft oranges (#ff9800) to convey growth, safety, and financial stability.

2026 Corporate Tax Planning: The End of “Wait-and-See

BySW Accounting admin

  Corporate Tax Planning in 2026: A New Era of Stability. Are you a CFO or tax professional trying to figure out the long-term impacts of the One Big Beautiful Bill Act? Let’s break down the new 21% permanent corporate rate, IP strategies, and what this firmer tax runway means for your business. Let’s be…