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 ...

The National Foreign Trade Council is asking the government to withdraw or replace around 20 tax regulations and to propose new guidance on R&D expense amortization.

On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (OBBBA). Tax-related proposals contained in the OBBBA would ...