Tax credits

Energy credits and a more responsive IRS seem to be the main talking points practitioners are hearing about.

Confusion around ever-changing rules, price-sensitivity and other factors have dampened the results of the Inflation Reduction Act's incentives.

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

The administration could phase in some requirements in a bid to nurture a nascent industry critical to decarbonizing industrial operations.

The service released information on how taxpayers can claim the energy efficient home improvement credit.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

With the IRS cracking down, knowing when and how clients can claim the credit — and when they can't — is critical.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.