The Biz Beat – Episode 37: Tariff Refund Claims, New IRS Deduction Form, Solo 401(k) 5500 Rules

This episode covers a major update on tariffs, including uncertainty around whether previously paid tariffs could be refundable and what businesses should do now to evaluate their exposure. The team also discusses a newly released IRS form that consolidates above the line deductions tied to OBBBA changes, including items like tips, overtime, and an additional senior deduction. Finally, they answer a listener question on when a solo 401(k) must file Form 5500, including the $250,000 asset threshold and key deadlines.