Tax credits

The Treasury Inspector General for Tax Administration released a report on the results of this past filing season.

A new TIGTA report finds the agency isn’t making sure companies are eligible to claim the R&D credit or are claiming the correct amount.

The company sold more than 200,000 eligible cars, so the taxpayer credit will start shrinking.

Senate Finance Committee Chairman Orrin Hatch questioned President Donald Trump’s call to end a tax break for electric cars made by General Motors Co. and others following the company’s announcement that it would lay off workers and close plants.

A legislative repeal of the credit could actually end up giving GM a better competitive position.

The Tax Foundation sees the proposal as having 'very small economic impact.'

Hail Nexus Monday; startups using tax losses; advantages in the season’s choices; and other highlights from our favorite tax bloggers.

The IRS issues guidance for calculating and claiming the credits.

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.

Lawmakers approved the measure this spring as a way to get around limits in the new federal tax law on state and local tax deductions.