The “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4, 2025, represents the most sweeping overhaul of the U.S. tax code since the 2017 Tax Cuts and Jobs Act. It permanently extends many TCJA provisions and introduces several new deductions and credits. Below is a summary of the key changes affecting individual… Continue Reading
Tax
What Individuals Need to Know About the “One Big Beautiful Bill”
On May 22, the House passed its version of the “One Big Beautiful Bill” (OBBB) which included a large section on tax extenders. Last week, the Senate Finance Committee passed its version of tax provisions, with the full bill expected to go to a floor vote before June 28. Now, both chambers will work to… Continue Reading
Claiming the 45Z Tax Credit
How to meet the detailed compliance requirements to claim the 45Z Clean Fuel Production Tax Credit. Kari Buttenhoff, Partner and Danielle Anderson, Senior Government Policy and Advocacy Manager, recently wrote for Ethanol Producer Magazine on how this credit incentivizes renewable fuel producers to lower their carbon intensity. The IRS and USDA issued guidance in January… Continue Reading
Understanding the Latest Changes to Beneficial Ownership Reporting Requirements
In a significant update for U.S. businesses, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). This change from the U.S. Department of the Treasury aims to simplify compliance and… Continue Reading
Christianson CPAs and Consultants to Speak at the 2025 Fuel Ethanol Workshop & Expo
We are thrilled to announce that several of our knowledgeable staff at Christianson CPAs and Consultants have been selected to speak at the 2025 International Fuel Ethanol Workshop & Expo (FEW). This prestigious event, now in its 41st year, is the largest gathering of private and public sector ethanol professionals in the world. It provides… Continue Reading
Maximizing Your Benefits with 45Z Verification Services
Navigating the complexities of State and Federal programs can be challenging, but we’re here to support you and your team every step of the way. Our goal is to help you maximize your benefits for the 45Z Clean Fuel Production Credit through our comprehensive verification services. Understanding the 45Z Clean Fuel Production Credit The 45Z… Continue Reading
