Valuations can play a critical role in decision-making for companies and individuals in financial distress or bankruptcy and obtaining a well-supported appraisal may even allow companies and individuals to take advantage of valuable tax opportunities during this time

It has been close to a year since the enactment of the One Big Beautiful Bill Act (OBBBA), with key provisions already in effect for tax year 2025 and additional changes that begin to apply in tax year 2026. Ongoing guidance from the Treasury Department and IRS is beginning to clarify how taxpayers can access OBBBA’s benefits.