The Internal Revenue Service (IRS) recently issued Notice 2016-21, setting the country-by-country limitation on housing expenses deductible under section 911 of the Internal Revenue Code for 2016. The housing expenses deduction enables a qualifying taxpayer to include...
The tax extenders were passed in the Protecting Americans From Tax Hikes Act (Act) early in 2016, and consisted of permanent, five-year, and two-year extenders. These provisions are estimated to cost U.S. $629 billion over ten years, and came as a welcome relief after...
