The “One Big Beautiful Bill” (OBBB) represents one of the most sweeping shifts to the tax compliance landscape in recent history. With wide-ranging provisions that touch nearly every corner of information reporting and withholding (IRW), this legislation will fundamentally reshape how organizations manage compliance, reporting, and operational risk.

For tax leaders, the OBBB is more than just new rules—it’s a call to rethink long-standing processes and prepare for a transformed regulatory environment.