Industries

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

Vince McMahon is alleged to have hidden hush-money settlements to a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021.

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.

EV sales grew 12% in the fourth quarter of 2024, pushing the full-year total to a record 1.3 million.

It's been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion.

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Crypto's future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.

Republicans represent congressional districts with 19 of 25 major automaker battery and EV assembly plants in operation or under construction.

A boutique accounting firm specializing in the restaurant industry has joined the Platform Business Advisors team.

Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.

California Governor Gavin Newsom is promising to step in with a state electric-car tax credit if Trump repeals a federal subsidy after he takes office.

Fighting scope creep; QCDs as the year ends; advising ministers; and other highlights from our favorite tax bloggers.

If the incoming Trump administration eliminates the $7,500 federal tax credits for electric vehicles, that would mean the end of popular leases.

Taxes' immediate future; a new retail delivery fee; owners' income; and other highlights from our favorite tax bloggers.

If your clients thinking of buying an electric car or an energy-saving heat pump eligible for federal tax credits and rebates, now might be the time.

Although no Republicans voted for the measure two years ago, some of its incentives, such as tax credits for producing hydrogen and capturing carbon dioxide, are very popular with oil companies and other core GOP constituencies.

Almost 10 months after scandal shook Archer-Daniels-Midland Co., the commodity-trading giant has yet to sort out its accounting.

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.