Latest News
Tax and financial planning news from around the web: May 26 – 30, 2025
Written on May 30, 2025
The proposed regulations provide rules addressing various aspects of the PTEP regime, such as increases and decreases to basis of stock, foreign currency gain or loss, and allocation of foreign tax credits.
Artificial intelligence tools like chatbots are supposed to become more effective over time. Data indicate the IRS’s are getting worse, just as the agency is increasingly relying on them amid staffing cuts.