A Critical Report on U.S. Tax Laws...as of Today

What's Changing, What's Not, Who's Impacted, and How Can Individuals & Companies Maximize Their Opportunities

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Bonus: What to Know About Enforcement of the Corporate Transparency Act Reporting Requirements for Domestic & Foreign Entities

In this incredibly timely Global Spin, Boutin Jones (US: Sacramento, California) tax experts Matt Carlson and Travis Thompson offer targeted information and frank analysis to help law firms and their clients understand:

• President Trump’s One Big Beautiful Bill Act, a budget campaign promise that primarily seeks to continue or cement certain corporate, international, and individual tax requirements originally part of the Tax Cuts and Jobs Act of 2017 (TCJA) that have expired or are scheduled to expire on December 31, 2025; increase the ceiling on state and local tax (SALT) deductions of individual taxpayers plus add new restrictions on SALT deductions for certain partnerships; adjust business tax provisions including qualified deductions and bonus appreciation; affect qualified opportunity zones and anti-fraud provisions…and much more.

• Internal Revenue Service (IRS) Enforcement including potential technology infrastructure improvements (i.e., data analysis and AI) for the agency that could affect them.

Record Date: June 2, 2025

Participants

Matthew D. Carlson

Partner | Boutin Jones (US: Sacramento, California)

Matt Carlson's practice focuses on tax controversy, tax planning, and transactions with sensitive tax issues. He represents businesses and individuals before federal, state, and local tax authorities in litigation, investigations, and administrative proceedings, and also advises clients on a wide range of federal, state, and local tax matters in connection with tax planning and transactions.

Matt’s extensive experience includes representing the IRS in federal tax and bankruptcy proceedings as an attorney for the IRS’ Office of Chief Counsel. He is Co-Founder and Former Chair of CalCPA’s SALT Committee; former Chair of Income and Other Taxes Committee for the California Lawyers Association’s Taxation Section; and former Chair of the Sacramento County Bar Association Tax Law Section.

Travis Thompson

Partner | Boutin Jones (US: Sacramento, California)

Travis Thompson is a tax controversy attorney experienced in all aspects of federal and state tax matters involving individuals, corporations, partnerships, limited liability companies, and trusts and estates. He also advises on the innocent spouse defense, cryptocurrency tax audits, Employee Retention Credit tax audits, and other tax matters involving family planning and dissolution, and represents clients in various white collar criminal defense cases.

Travis is a known expert in the subject of AI and taxation, regularly speaking and publishing on how the IRS and foreign tax authorities utilize AI in enforcement efforts as well as advising legal and government professionals on responsible AI, the ethical use of generative AI, and AI bias. He is a member of the American Bar Association’s A.I. Tax Force and former Chair of the Tax Practice & Technology Committee for the American Bar Association Section of Taxation.

Tags: #SCGGlobalSpin, #Tax, #BoutinJones