A single source of information for everything relating to the recent landmark tax legislation, the One Big Beautiful Bill Act: Law, Explanation, and Analysis includes comprehensive explanations covering each provision of the Act, as well as the Internal Revenue Code as amended. The Act not only made nearly all soon-to-expire provisions of the Tax Cuts and Jobs Act of 2017 permanent, but also modified important deductions relating to businesses, including bonus depreciation, the Section 179 deduction, and the deduction of research and development expenses. The bill also includes new deductions for earned tip and overtime income, as well as other new tax benefits for specified businesses and individuals.The U.S. Master Tax Guide was meticulously researched to cover today's federal tax law and was expertly-written to help identify tax planning opportunities, ensure accuracy when filing taxes, maximize your knowledge of all of the latest tax law developments , and serve as a quick reference guide when providing tax services to your business or clients. The U.S. Master Tax Guide is conveniently cross-referenced to the Internal Revenue Code, Income Tax Regulations, and certain other important tax law sources for further research. Additionally, references are included to expanded explanations on Wolters Kluwer's award-winning research service, CCH® AnswerConnect. This reliable reference is a must for anyone involved with federal taxation. A Trusted Source for Tax Information When it comes to preparing your clients' taxes, there's no room for errors. That's why accountants and other financial professionals turn to Wolters Kluwer for reference guides and continuing professional education (CPE) programs that allow them to stay on the cutting edge of this ever-changing field. Our team of industry experts provides the comprehensive information you need to stay one step ahead of the latest legislation and evolving tax codes, so you can provide clients with accurate, informed services that protect their financial interests – and your reputation. From exploring new areas of practice to brushing up on the fundamentals, we offer the resource you need to remain up-to-date year after year.
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Wolters Kluwer Editorial Staff
A single source of information for everything relating to the recent landmark tax legislation, the One Big Beautiful Bill Act.
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