Tax credits

One key holdout — Senator Joe Manchin — said he’s skeptical he can vote for a bill that includes major economic changes.

At a recent stakeholder meeting, the IRS addressed the ramifications of the Advance Child Tax Credit payments on tax season and much more.

Businesses want an active role in the climate solution, and tax policy will be on the agenda.

With Congress having terminated the Employee Retention Credit, Notice 2021-65 explains what businesses that claimed it need to do.

Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation.

The House passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped.

President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker Nancy Pelosi united fractious Democrats to send the legislation to the Senate, where its fate remains uncertain.

The House reconvened for the vote Friday after Republican leader Kevin McCarthy delayed action with a more than eight-hour floor speech.

The new act impacts cryptocurrency, the Employee Retention Credit and tax deadlines.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.