Tax credits

2022 was a big year of change for the research & development credit.

The senator's opposition to giving clean-energy developers direct payments may significantly reduce the tax credits they could get from Democrats’ reconciliation package.

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor as they seek to wrap up negotiations on a spending deal.

As with a theater production involving many different roles, a knowledgeable director is required for a winning performance.

Newly released IR-2022-89 can help business clients avoid tax trouble.

The service has updated its FAQ on the 2021 Earned Income Tax Credit, with new information on using prior tax years to calculate it.

Agents raided the Houston headquarters of the tax consulting firm, seizing computer servers Friday, May 20.

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.