The Treasury and the Internal Revenue Service have released
The proposed regulations relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use. (This new benefit applies to both taxpayers who take the standard deduction and those who itemize deductions.)
The guidance addresses eligibility criteria, including:
The IRS is looking for comments from the public on these proposed regs; they can be submitted until Feb. 2 through
From the decline of the 150-hour rule to staff cuts at the IRS and the ongoing impact of PE, the last 12 months have been very busy for the profession.
RRBB, a Regional Leader based in Somerset, New Jersey, has added Kleespies, Horwitz & Associates, based in Clark, New Jersey, and introduced Superior Payroll.
The proposed regulations relate to the new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use.
Rehmann CEO Stacie Kwaiser is planning for the New Year as the Top 50 Firm deals with the many changes from the past year.
Just dropping that tax return off at your local post office may no longer be proof that you met the deadline.
Those with AI skills are said to make more, but how much more? Also, how have our actual experts been using AI in their own lives? We find out in this second part of our look at the AI Thought Leaders Survey.
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