Tax credits

The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.

A battery-material maker, an electric vehicle charger manufacturer and a rare earth producer were among about 35 recipients of energy tax credits.

Tax preparers who fail to take note of red flags and proceed with ERC calculations they know aren't reasonable, or fail to amend an existing claim, might face disciplinary proceedings.

Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.

A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.

Senate Republicans don't want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said. 

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

Notice 2024-30 expands rules for determining an "energy community," among other things.

The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more than $1 billion since the agency instituted a processing moratorium.

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.

Exxon Mobil Corp. won't move forward with one of the world's largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities.

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

The fate of the Child Tax Credit is in the hands of the Senate, but the IRS is ready to implement changes rapidly if the bill is passed.

The IRS has released two new sets of regs and guidance on different credits.

The Internal Revenue Service's Criminal Investigation unit has been investigating bogus claims for the Employee Retention Credit and educating tax pros about the problems they can encounter.

Schneider Electric will pay $80 million to acquire tax credits, which in turn will help fund four Engie North America projects that are slated to come online in Texas this year.

The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.

The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.

While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.

The legislation is still tied up in the Senate, as senators seek changes in some of the provisions, such as the expanded Child Tax Credit.