Tax credits

The agency is once again reaching out to practitioners who originated problematic returns.

The expansion of a tax credit for electric vehicles isn’t likely to appear in a broad deal being negotiated by House and Senate leaders, and backers of the popular tax break say President Donald Trump is to blame.

U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.

The Internal Revenue Service and the Treasury Department released their final regulations on two major international tax provisions, the Foreign Tax Credit and the Base Erosion and Anti-abuse Tax (BEAT), which was included as part of the Tax Cuts and Jobs Act.

The GREEN Act aims to deal with climate change by offering a range of tax incentives for use of renewable energy.

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.