Treasury Department

The Treasury secretary addressed a group of service employees as the agency fends off cuts pushed by House Republicans.

The CTA and beneficial information reporting may be a game-changer for accounting firms. Here's what you need to know.

New guidance explains how buyers of electric vehicles can transfer their tax credits to dealers and get advance payments that lower the cost.

Even though the effective date is less than 90 days away, most businesses are either unaware of the rules, or uncertain how to comply.

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.

About two-thirds of service employees would be furloughed in the event of a shutdown, which appears likely this weekend.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

The service released information on two energy-related tax breaks under the Inflation Reduction Act.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

The guidance could spur development of renewable energy under the Inflation Reduction Act.

The Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by the IRA.

The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.

Business entities subject to the CTA will face significant new reporting and related record-keeping obligations. There are several things advisors should consider.

Starting Jan. 1, 2024, many small businesses will face a major new reporting requirement — and many of them are completely unaware of it.

A top renewable power trade group endorsed rigorous requirements for a new hydrogen tax credit that would rule out the use of electricity from older wind, solar and nuclear facilities.

Provisions from the IRA aim to spur investment in places that have experienced declines in fossil energy production, especially hard-hit coal-mining towns.

The IRS is providing penalty relief to billion-dollar corporations that haven't paid estimated taxes related to the new 15% corporate alternative tax.

The change brings the total number of EV models eligible for the full tax credits to 22.