Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 24, 2023 – July 28, 2023. July 24, 2023 ...

To qualify for deductibility, an expense must meet all four statutory requisites under the Tax Code: Ordinary and necessary – common and appropriate for your business or profession. Paid or incurred ...

The Internal Revenue Code outlines how much individuals and businesses pay in taxes to the U.S. government based on their income and earnings. The Internal Revenue Code is the federal tax law in the U ...

The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, Beautiful Bill Act (OBBB), signed into law on July 4, 2025. The agency has ...