July 2025
We are writing to inform you of significant developments in federal tax legislation. On July 4, 2025,
President Trump signed into law the One Big Beautiful Bill Act (OBBBA), a reconciliation package that
includes a broad array of tax provisions affecting individuals, businesses and international taxpayers.
We want to highlight the key provisions and offer preliminary insights into how they may affect your tax
planning. Please contact us at your earliest convenience to discuss your situation so we can develop a
customized plan. We will continue to closely monitor any potential regulatory guidance as it is developed
from the IRS and update you accordingly.
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