News

Trump ‘Revenge’ Tax Would Cut Foreign Investment, Congressional Panel Says
Congress’s own official tax scorekeeper is predicting a “revenge” tax buried in Donald Trump’s massive fiscal package would ...
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IRS Tax Laws Regarding Foreign Currency
This option is best if you posted a loss because you can take the full deduction in the current tax year. Foreign exchange losses can be deducted against all types of income. Report gains and ...
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The One Big Beautiful Bill Act: An Initial Analysis of Key Tax Proposals
On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (OBBBA). Tax-related proposals contained in the OBBBA would ...
JD Supra4d
The One Big Beautiful Bill: Tax Provisions Impacting Domestic and Multinational Businesses
On May 22, 2025, the U.S. House of Representatives approved H.R. 1, also known as the “One Big Beautiful Bill Act” (the House Bill). The House ...
Modified adjusted gross income (MAGI): What it is, why it matters and how to calculate it
Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.
Wall Street fears foreign tax in budget bill may reduce allure of US assets
The bill offers the possibility of imposing a progressive tax burden of up to 20% on foreign investors' dividends and ...
House GOP unleashes sweeping tax legislation
GOP leaders hope to move it through the entire House by Memorial Day, and forward it on to the Senate for approval. Republicans aim to get it to Trump’s desk by their Fourth of July recess.