EITC

Cracks and answers of income; myths of cheating; bonds and a stadium; and other highlights from our favorite tax bloggers.

The Internal Revenue Service posted a set of answers Wednesday to frequently asked questions on the Earned Income Tax Credit.

The administration is pointing to funds still available to recipients of the credits that have not yet been claimed, as it struggles to extend those tax breaks this year.

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early.

Starting advisory services; those who do also teach; the IRS is hiring; and other highlights from our favorite tax bloggers.

The IRS's strategy for examining claims for the Earned Income Tax Credit are falling short, according to a new report.

The EITC, the ACTC and the ACTC continue to be abused, even as they become more generous.

The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.

Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.

The Internal Revenue Service is girding for the official start of tax season as taxpayers and preparers deal with tax breaks related to COVID-19 and questions about stimulus payments.

The Consolidated Appropriations Act includes a surprising number of tax provisions, many of which had not been widely publicized until the final bill was up for a vote.

Our panel of experts have identified these 12 credits, deductions and more as worth particular attention this year.

A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.

A group of 25 Democrats in the House wrote to congressional leaders asking them to provide $12.1 billion in funding for the Internal Revenue Service, including $5.2 billion for enforcement, with an eye toward cracking down on high-income tax cheats.

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

Whether you are a 20-year accounting veteran or just entering the field, it behooves you to keep a list (and check it twice) of the most common tax preparation blunders.

Grant Thornton compares the contenders’ proposals in five categories.

The agency is once again reaching out to practitioners who originated problematic returns.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.

The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules.