Disclaimer

No Legal or Tax Advice:
The information provided in this article is based on federal tax law, Treasury regulations, IRS guidance, and available interpretations as of the published date. Tandy Consulting Inc. does not provide legal advice, and nothing herein should be interpreted as creating an attorney-client relationship. Readers should consult with their attorney or qualified tax professional before acting on any information contained in this publication.

California-Specific Notice:
Pursuant to California law, any tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of:

• Avoiding tax-related penalties under federal or California law, or
• Promoting, marketing, or recommending any tax-related matter to another party.

Dynamic and Evolving Law Notice:
The provisions of the One Big Beautiful Bill Act (OBBBA) and related amendments to Internal Revenue Code §§ 119, 132, 162, 274, and related regulations are subject to ongoing IRS and Treasury guidance, technical corrections, and potential legislative revisions. California conformity to federal changes may lag behind or differ in application. As of the post date, certain portions of the law remain dynamic, interpretive, and not fully settled. Requirements, limitations, and effective dates may change as additional regulatory guidance is released.

Limitation of Reliance:
This material is provided “as is” and is not guaranteed to be complete, current, or error-free. Tandy Consulting Inc. makes no warranties, express or implied, regarding the accuracy or applicability of the information for your specific situation. Readers are strongly encouraged to obtain personalized advice before taking action or refraining from action based on this article.

No Client Relationship Created:
Reading this article does not establish a tax-advisor–client relationship with Tandy Consulting Inc. or any of its team members. Such a relationship is formed only through a signed engagement agreement.