WONE Global's guide to United States records this change under tax and reporting. Each statement below has been checked against the source it links to.
The 2025 Instructions for Form 1120 reflect changes made by Public Law 119-21, commonly known as the One Big Beautiful Bill Act.
Federal. Applies to 2025 calendar-year returns and fiscal years beginning in 2025.
Internal Revenue Service (IRS) · Instructions for Form 1120 (2025), U.S. Corporation Income Tax Return ↗ Checked against an official source · Not yet professionally reviewed · checked 18 October 2026
This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in United States can advise on that.











