The IRS has issued Rev. Proc. 2026-21, reviving a significant issue ruling program for certain corporate transactions. This update gives taxpayers added flexibility to seek certainty on specific complex or unresolved issues without needing to pursue a full transactional ruling. More details linked in the comments.
About us
At BDO, our success is measured by what we achieve together. As a leading provider of audit, tax, and advisory services, we put people first cultivating a conscious, caring corporate culture that empowers our professionals and clients to thrive. Our commitment to excellence drives us to deliver innovative solutions, actionable insights, and trusted guidance for middle market businesses and global organizations. We help clients navigate complex financial, regulatory, and operational challenges, unlocking growth and value at every stage. By fostering a collaborative environment, we support the development of our people, the success of our clients, and the betterment of our communities. BDO’s insight-driven perspectives and tailored assurance, tax, and consulting services enable companies to move beyond business as usual—achieving exceptional outcomes. BDO is the brand name for the BDO network and each of its independent member firms. BDO USA, P.C., a Virginia professional corporation, is the U.S. member of BDO International Limited, a global network of trusted advisors dedicated to helping businesses succeed.
- Website
-
http://www.bdo.com
External link for BDO USA
- Industry
- Accounting
- Company size
- 10,001+ employees
- Headquarters
- Chicago, Illinois
- Type
- Partnership
- Specialties
- Assurance Services, Tax Services, Consulting Services, Private Client Tax Services, Transaction Advisory Services, Government Contracting, Advisory Services, Nonprofit & Education, Technology, and Innovation & Transformation
Locations
Employees at BDO USA
Updates
-
Meals deduction changes effective January 1, 2026, may require employers to immediately identify and track a separate category of meal costs. Because the rules are highly fact-specific—and additional IRS guidance is still expected—taxpayers may risk either missing allowable deductions or improperly deducting nondeductible costs. Find additional guidance linked in the comments.
-
-
A New York appellate court recently issued a significant decision on the state’s revised P.L. 86-272 regulation. The court affirmed that the regulation is not facially preempted by P.L. 86-272, while also holding that it cannot be applied retroactively before its promulgation date. The ruling is especially notable because the court rejected the argument that P.L. 86-272 should not extend to internet-based activities simply because the statute predates the digital economy. Details linked in the comments below.
-
The Court of Federal Claims recently held that Section 7508A(d) may require postponement of certain COVID-era tax deadlines, drawing renewed attention to refund claims for penalties and interest assessed during the pandemic: https://bdousa.com/3RBFXLM
-
-
This Mental Health Awareness Month, we’re proud to be awarded a 2026 Gold Bell Seal from Mental Health America, the nation’s leading nonprofit dedicated to increasing mental health awareness and understanding. We are committed to supporting our professionals by providing education, advocacy, and opportunities for connection through our national well-being program, BDO LIFE. Local Wellness Ambassadors serve as champions of the program, empowering our people to lead a healthy and mindful lifestyle. Swipe to hear from them about the importance of wellness in the workplace. #GetToKnowBDO
-
Think one nonqualifying member is a minor detail? Think again. A recent New York tax decision signals that combined corporate filers could jeopardize the reduced qualified emerging technology company tax rate for the entire group when just one member falls short. It’s a strong reminder to revisit group eligibility carefully. Learn more: https://bdousa.com/4vbdxqr
-
-
Private companies don’t need traditional equity to build strong executive compensation strategies. This insight article explores alternatives like split-dollar life insurance, cash balance plans, NQDC, LTIPs, and phantom equity to support retention, performance, and retirement goals. Read it here: https://bdousa.com/4e5xeKz
-
-
What actually drives purchase decisions today? Not demographics—benefits. The latest edition of the Shopper Spectrum breaks down the decision mindsets shaping how consumers buy—across value, speed, trust, experience, and impact. Because when you understand why people decide, personalization stops being guesswork: https://bdousa.com/49HGRgb
-
-
How can nonprofit organizations use cloud technology to strengthen operations, improve financial stewardship, and increase mission impact? The Workday Nonprofit Advantage webinar series features expert insights, real-world success stories, and practical demos for nonprofit and technology leaders. Watch the sessions on demand at the link in the comments.
-
-
We’re excited to welcome our 2026 summer interns! This summer marks the beginning of a journey focused on learning, growth, connection, and meaningful experiences. We look forward to the energy, curiosity, and fresh perspectives this talented group will bring. Here’s to a great summer ahead at BDO! Learn more about our internship program: https://bdousa.com/4v4wb3l