The Treasury Department and the Internal Revenue Service today released the last set of final regulations implementing the 100% additional first-year depreciation deduction that allows businesses to write off the cost of most depreciable business assets in the year they are placed in service by the business.
IRS Finalizes Regulations for 100 Percent Bonus Depreciation Read More »
IRS provides final regulations on deductions for estates and non-grantor trusts, including excess deductions on termination
IRS Provides Final Regulations on Deductions for Estates Read More »
The Internal Revenue Service issued final regulations on the Foreign Tax Credit, a long-standing tax benefit that generally allows individuals and businesses to claim a credit for income taxes paid or accrued to foreign governments.
Regulations on the Foreign Tax Credit Read More »
Any filing season that involves new tax law typically requires the IRS to determine what new data must be collected on a tax return and how that data will interact with other return data or processing.
TCJA Tax Law Changes Hampered by Federal Shutdown Read More »
The rehabilitation tax credit offers an incentive for owners to renovate and restore old or historic buildings.
Changes to real estate rehabilitation tax credit Read More »
The Internal Revenue Service reminds business owners that tax reform legislation passed last December affects nearly every business.
Tax law changes may affect business owners Read More »