The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals
ThomsonReuters
DECEMBER 14, 2020
Businesses in 2020 also navigated new regulations affecting foreign tax credits, foreign-derived intangible income (FDII), global intangible low-taxed income (GILTI), consolidated groups’ NOLs, meal and entertainment expenses, and bonus depreciation. This worker classification is expected to be model for other states, Oaks said.
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