On July 4, President Trump signed into law H.R. 1, (the “One Big Beautiful Bill Act” (“OBBBA”)), a sweeping legislation package featuring significant changes to U.S. tax law. The OBBBA was passed via a budget reconciliation...more
7/18/2025
/ Bonus Depreciation ,
CFC ,
Charitable Deductions ,
Foreign Derived Intangible Income (FDII) ,
GILTI tax ,
One Big Beautiful Bill Act ,
Opportunity Zones ,
Qualified Business Income ,
Qualified Small Business Stock ,
Research and Development ,
SALT ,
Tax Cuts and Jobs Act ,
Tax Legislation ,
Tax Reform
On September 13, 2018, the Internal Revenue Service (the “Service”) released Revenue Procedure 2018-48 (the “Revenue Procedure”), which provides guidance on how certain items of foreign-related income are treated for purposes...more