Progressive Updates

By Jason Watson, CPA
Posted Saturday, October 24, 2026

The tax law is continuously changing from the acts of our government, from the decisions by the Tax Court and Federal courts, and through notices and private letter rulings from the IRS. In addition to changes, other topics of interest pop up in various trade journals such as Journal of Accountancy, Tax Adviser and Kiplinger’s Tax Letter. As we identify other issues concerning LLCs, S Corporations and self-employment taxes, we want to get the word out right away.

More importantly, the frequent business consultations we perform and the questions we field provide a steady stream of new ideas that are worthy of being wormed into this book. So here’s to you- the curious small business owner helping others.

More importantly, the frequent business consultations we perform and the questions we field provide a steady stream of new ideas that are worthy of being wormed into this book. So, here’s to you- the intellectually curious small business owner helping others.

Currently this book is our 2027 Edition. The 2025 Edition was little tweaks here and there. This one is not. The One Big Beautiful Bill Act of 2025 (OBBBA) made bonus depreciation and the Section 199A qualified business income deduction permanent, changed the SALT cap, created Trump Accounts and a senior deduction, and shuffled a pile of thresholds. On top of that, the SECURE 2.0 Roth catch-up rules finally kicked in for 2026. Nothing like the Tax Cuts & Jobs Act of 2017 and COVID combo, but close. We also continue to keep the two Section 199A chapters out of the paperback and in the online version [confirm this is where they live]; the book was getting too darn thick like Mrs. Riley’s glasses in My Cousin Vinny.

We encourage you to visit our website for information on updates-

wcginc.com/book

In addition, please check out our blog from time to time for discussion of current tax issues-

wcginc.com/blog

Note: As much as we attempt to update our book periodically throughout the year, our blog posts allow us to provide more frequent updates. We encourage you to visit. We are a tax and consultation firm first, and a book-writing firm second; we kindly ask for some patience.