Gladys R Wilson & Associates PC

Gladys R Wilson & Associates PC

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IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA 10/26/2025

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.

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