1. BOI reporting is permanently over (for US companies)
The big one. As of August 2026, FinCEN permanently ended BOI reporting for US companies and US persons. If your company was created in the US, you no longer file — and old filings are being deleted. Only foreign companies registered in the US still report. Full details here.
2. OBBBA made big business breaks permanent
The One Big Beautiful Bill Act locked in 100% bonus depreciation, an enhanced permanent QBI deduction (higher thresholds, $400 minimum), and immediate R&D expensing with amend-back for smaller firms. If you run a US business, these are real savings. What applies to you.
3. Crypto reporting goes mainstream with Form 1099-DA
Exchanges now report your digital asset sales to the IRS on Form 1099-DA, starting with 2025 transactions. Watch the cost-basis gaps that trigger wrong CP2000 notices. What crypto investors need to know.
4. Delaware LLC annual tax rose to $400
Delaware's flat LLC franchise tax increased from $300 to $400, due June 1 for the prior year. If you have a Delaware LLC, budget the new figure. Deadlines and amounts.
5. What didn't change (but still trips people up)
- Form 5472 — foreign-owned US LLCs still file; the $25,000 penalty is unchanged
- FBAR — foreign account reporting continues
- Quarterly estimates — still due if you owe enough; still penalized if you skip them
What to do before you file
- Stop any BOI worry if you're a US-created entity
- Check whether OBBBA breaks cut your bill — especially QBI and depreciation
- Reconcile crypto 1099-DAs against your real records
- Update your Delaware budget to $400
Tax changes are opportunities when you catch them early and risks when you don't. A quick review before filing season turns the list above into actual savings on your return.
Frequently asked questions
What are the biggest US tax changes for 2026?
The largest are: BOI reporting permanently ended for US companies, OBBBA made 100% bonus depreciation and the QBI deduction permanent, crypto Form 1099-DA reporting began, and the Delaware LLC tax rose to $400.
Do I still need to file a BOI report in 2026?
Not if your company was created in the US — US companies and US persons are now permanently exempt. Only foreign companies registered to do business in the US still file.
What tax breaks did OBBBA make permanent?
Permanent 100% bonus depreciation, a permanent and enhanced 20% QBI deduction with higher phase-out thresholds, and immediate R&D expensing with amend-back for smaller businesses.
Did crypto tax reporting change in 2026?
Yes. Form 1099-DA now has brokers report your digital asset sales to the IRS, starting with 2025 transactions, though cost-basis reporting phases in over time.
What US tax obligations did NOT change for foreign founders?
Form 5472 for foreign-owned LLCs (with its $25,000 penalty), FBAR foreign-account reporting, and quarterly estimated taxes all continue unchanged.
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