New IRS Guidance: How to Deduct Car Loan Interest in ...
The Treasury Department and the IRS have released official guidance regarding the “No Tax on Car Loan Interest” […]
Robert Kayvon, Esq.
IRS Updates Guidance on Business Interest Expense Deductions (Section 163(j))
The Internal Revenue Service has released updated frequently asked questions (FAQs) in Fact Sheet 2025-09, outlining significant changes […]
IRS Announces 2026 Standard Mileage Rates: Business Rates Rise, Medical ...
The Internal Revenue Service has released the optional standard mileage rates for 2026. These rates, used to calculate […]
The “Good Apple” Paradox: How Fixed Taxes Can Increase Risks
Fixed-rate excise taxes are frequently implemented to lower consumption or steer the public away from harmful habits. However, […]
Chicago Bears Eye Indiana Move Amid Illinois Tax Dispute
The Chicago Bears, a cornerstone of the NFL since 1921, are signaling that their century-long tenure in the […]
The Costly Complication: Why the QSBS Tax Exclusion is a ...
The Qualified Small Business Stock (QSBS) exclusion (Section 1202 of the Internal Revenue Code) was intended to encourage […]
The “One Big Beautiful Bill Act” (OBBBA): Economic Boost at ...
The One Big Beautiful Bill Act (OBBBA), the sixth-largest tax cut since 1940, is projected to increase U.S. […]
Rewriting State Tax Risks: GILTI’s Successor, NCTI, Creates New Headaches ...
Several states that previously opted to exempt international corporate income—specifically the tax on Global Intangible Low-Taxed Income (GILTI)—are […]
The Great Deduction Flip: Why Homeowners Must Re-Run the Numbers ...
The 2025 tax year is turning out to be a pivotal one, especially for homeowners and high-income earners. […]