The "One Big Beautiful Bill Act" (or OB3), signed into law in July, is overhauling tax policy and investment in real estate, energy and infrastructure. It brings changes to energy tax credits, on-shoring incentives, and real...more
Proposed IRS regulations clarify when fines and penalties are deductible but leave important issues unresolved.
The U.S. Internal Revenue Service has released proposed regulations clarifying when fines, penalties, and...more