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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Beneficial ownership reporting requirements are back in effect, and most companies will have a new
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The IRS’s Direct File program is still here, despite some confusion on social media. On
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The Federal Disaster Relief Act of 2023 (enacted December 12, 2024) introduces significant modifications to
9 min read
FinCEN announced Friday morning that beneficial ownership information (BOI) reporting requirements remain voluntary, despite Thursday’s
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IRS Commissioner Danny Werfel has stepped down from his position following a resignation letter sent
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You may have missed it during the buzz of the holiday season, but the IRS
9 min read
A federal district court has issued a nationwide injunction against the Corporate Transparency Act (CTA),
