IRS Proposes Regulations on Allocation of Deductions for Foreign Tax Credit, FDDEI CalculationsThe IRS issued proposed regulations implementing amendments made by the One, Big, Beautiful Bill Act (OBBBA) to the allocation and apportionment of deductions for purposes of the foreign tax credit ...Bloomberg Tax News25d agoWhole story →SecurityEconomyirs proposes tax regulations
Congress Enacts Federal Disaster Tax Relief Certainty ActCongress enacted the Doug LaMalfa Federal Disaster Tax Relief Certainty Act. The law: 1) extends special federal income tax treatment for qualified disaster-related casualty losses; 2) allows individuals with qualified ...Bloomberg Tax News25d agoWhole story →SecurityEconomyHR 5366federal disaster tax relief act enactment
