The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...

No tax is required to be deducted at source under Sec. 195, if the amount paid by resident Indian end-users to non-resident, ...

The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

The alternative minimum tax (AMT) is designed to ensure that certain taxpayers who benefit from various deductions and tax ...

Since the proposed dual consolidated loss (DCL) and disregarded payment loss (DPL) rules were released in August 2024, taxpayers have been ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...

As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations, policy experts say. Enacted via the Tax Cuts and Jobs Act ...

The FDII deduction was initially passed to ... speech and the free flow of goods while reaping huge tax breaks for their sales to foreign countries. Domestic retail businesses, many of which ...

Nearly three decades after the last major tax overhaul, both Democratic and Republican parties and President Barack Obama agree that cutting the corporate tax rate and taxing foreign profits ...

Pursuant to the enactment of Republic Act 12066, otherwise known as the Create More (Maximize Opportunities for ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.