The Title VII of the legislative document introduces groundbreaking amendments to the Internal Revenue Code of 1986, aiming ...

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.” ...

To avoid double taxation, the Internal Revenue Service provides a foreign tax deduction and tax credit. Only foreign income tax qualifies for the tax credit, but you can claim foreign sales tax as ...

For the IRS, the US Internal Revenue Service, the rules for filing income, estate and gift tax returns and paying estimated ...

“Taken as a deduction, foreign income taxes reduce your U.S. taxable income,” the IRS said. But the IRS noted “in most cases, it is to your advantage to take foreign income taxes as a tax ...