Tax credits

Section 179D can help your commercial real estate clients reduce taxable income and increase cash flow significantly.

The service issued an early-release version this month of instructions for IRS Form 6765, “Credit for Increasing Research Activities.”

The correspondence will include important information for completing their 2021 tax returns.

Handicapping which tax credits and other provisions will stay in the Build Back Better package.

Failure could imperil the backbone of the party’s messaging for the midterm elections.

New reporting requirements and possible amortization are on the way.

Families will soon need to reconcile the money they received against what they can officially claim.

A host of provisions will expire at the end of the year, and there's no telling whether they'll be renewed, says Wolters Kluwer's Mark Luscombe.

For Americans worried about rising prices and shrinking household budgets, January could bring another blow to the bottom line.

The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.