Tag: Emerging Regulations

For some time, President Trump and the GOP have discussed repealing many of the tax incentives created or enhanced by the Inflation Reduction Act (IRA). With the enactment of the

The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. Here are several provisions included in the new law that may influence your

On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends

On July 1, the U.S. Senate passed its version of The One, Big, Beautiful Bill (OBBB) by a vote of 51 to 50 with Vice President J.D. Vance casting the

The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes

While still awaiting Senate approval, the U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things, the sweeping bill would eliminate

The types of theft losses that are deductible on federal income taxes were significantly limited by the Tax Cuts and Jobs Act (TCJA). But a recent “advice memo” (CCA 202511015) from

Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able to claim a refund. There might also be additional tax

A federal district court judge struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from federal overtime pay requirements. In July