The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...
On February 21, 2025, the Internal Revenue Service (“IRS”) released Notice 2025-15, providing guidance to employers and insurers regarding ...
Under Section 1244 of the Internal Revenue Code, losses from the sale of these shares can be deducted as ordinary losses rather than capital losses. This tax benefit is available up to a maximum ...
Hiring & Firing refers to the process of recruiting, interviewing and offering employment and the process of evaluating performance and dismissing employees. Hiring & Firing is a highly regulated ...
Pursuant to the enactment of Republic Act 12066, otherwise known as the Create More (Maximize Opportunities for Reinvigorating the Economy) Act, the Bureau of I ...
Mark Everson, who served as IRS commissioner under George W. Bush, said he supported efforts to streamline the IRS. But he ...
The Internal Revenue Service (IRS) recently issued Private Letter Ruling (PLR) 202504006, addressing several important estate and gift tax ...
On January 10, 2025, the United States Internal Revenue Service (the "IRS") released final regulations (the "Final ...
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Section 1250: How It Applies to Real Estate Taxes and ExamplesSection 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was ...
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