The Treasury and IRS have issued proposed regulations implementing the "No Tax on Car Loan Interest" provision, offering up to $10,000 in annual deductions for taxpayers financing new American-made vehicles for personal use through 2028.
Recent Taxbytes
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With unlimited repayment starting 2026, the IRS FAQ provides guidance on Form 1095-A reconciliation, shared
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The IRS issued Notice 2026-3 on December 22nd, waiving estimated tax penalties that would have
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Starting January 1, 2026, meals provided for the convenience of the employer under §119 become
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Notice 2026-05 provides critical guidance on the OBBBA's HSA expansions, including eligibility requirements for bronze
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New IRS guidance establishes transition rules for CFC dividends, bifurcates PTEP into pre- and post-June
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The IRS released Notice 2025-70 requesting comments on Section 25F. But what is Section 25F
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What happens when a CFO signs Form 872-M without being the designated Partnership Representative? A
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