Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.
The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...
IRS rules research and development services U.S. entities provide to their foreign parent principal company may be ...
The IRS on Wednesday issued final regulations ( T.D. 10034) that remove the associated property rule and similar rules from regulations under Sec. 263A (f) regarding interest capitalization ...
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