Tax credits

The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules.

The ranking Democrat on the Senate Finance Committee wants to create two new tax incentives to help small businesses owned by women to hire and grow and get access to capital.

A TIGTA report found the IRS has trouble telling good claims from bad.

The Internal Revenue Service isn’t doing enough to address billions of dollars worth of potentially erroneous carryforward tax credits and deductions claimed by businesses, according to a new report.

Tax preparers and their clients should be paying attention to these changes for next tax season.

The state approved incentives for major films by two of Hollywood’s biggest studios.

Four family members belonging to a Utah polygamist group admitted defrauding the U.S. of $512 million in renewable-fuel tax credits, with the leader saying the mastermind was an Armenian immigrant who owns a small oil and gas empire in Southern California. That businessman now faces trial alone.

The Internal Revenue Service issued some clarifications on an agreement with the French government not to challenge foreign tax credits for certain kinds of tax payments in France.

Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.

Extending tax breaks that are intended to benefit families and small businesses come with a steep cost, according to Congress’s nonpartisan scorekeeper.