Tax credits

The service also failed to issue $80 million in payments to eligible individuals, according to a new report from TIGTA.

From the tax practitioner perspective, filing season did not look so rosy.

The Internal Revenue Service has revised and updated the answers it previously provided to frequently asked questions on the 2021 Child Tax Credit and Advance Child Tax Credit.

The consulting firm launched REV by Leyton, a digital platform aimed at helping companies find R&D and employee retention credits.

A pair of congressional Democrats want to see a rule finalized that would open up greater access for families to claim premium tax credits for health insurance.

Congress gave billions of dollars in tax credits to employers, but now the IRS needs to step up its compliance efforts, according to a GAO report.

New money and new jobs have positive taxing implications for the host community.

Over 30,000 extra taxpayers may now qualify because of a provision of the American Rescue Plan Act that expanded eligibility.

The Democratic senator pushed back on proposal to expand the popular credit, adding a new obstacle to White House plans for fighting climate change.

The Internal Revenue Service revised its answers to frequently asked questions on the Child Tax Credit, adding a new set of six commonly asked filing season questions.