Tax Coda Weekly Digest — November 30, 2025

This short week made one thing obvious. Tax rules hold just long enough for everyone to pretend they are stable, then they shift underfoot.

Incentives created a reliance that they were never built to support. Procedures carried more weight than outcomes. Courts stepped in where agencies pushed too far.

The entire landscape felt steady only because everyone pretended it was.

1. The Fragile Certainty of Bonus Depreciation

We explored why bonus depreciation feels dependable only until it isn’t. The Code offers acceleration, not a promise. Businesses treated it like a permanent fixture and shaped their planning around it. That gap between policy and expectation is where the real fragility sits.

Why It Matters:

• Acceleration rules change how companies invest.

• Expectations solidify faster than congressional intent.

• Treating temporary incentives as guarantees invites future shock.

Takeaway:

Reliance on bonus depreciation is the risk, not the reward.

2. When Investigations Become the Punishment

We wrote…