Tax breaks

There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.

A bipartisan group of senators has introduced legislation to make permanent the Work Opportunity Tax Credit, a tax break that encourages companies to hire veterans, people with disabilities and other groups who face barriers to employment, before it expires at the end of the year.

The Internal Revenue Service treats crypto money as a capital asset like stocks or property, not as a currency.

A pair of congressional representatives has introduced bipartisan legislation to discourage abuses of the conservation easement tax break.

The Internal Revenue Service issued guidance Friday on how to deal with state and local tax refunds in the context of the $10,000 limit on state and local tax deductions under the Tax Cuts and Jobs Act.

Bipartisan legislation would make a technical correction in the Tax Cuts and Jobs Act that has kept many stores and restaurants from renovating their facilities.

Canada is reining in a tax break on employee stock options by introducing a cap that it expects will impact executives of major, established companies.

A pair of Republican and Democratic senators introduced bipartisan legislation to fix one of the technical problems in the Tax Cuts and Jobs Act.

What types of businesses don’t qualify for QOZ investment, and which types of taxpayers are best suited for the program?

New tax incentives might not be enough to convince Corporate America to expand its U.S. operations beyond what it was already planning.