Tax credits

Notice 2024-36 announces the second round of credit allocations for a program to allocate the remaining $6 billion in credits.

The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.

A battery-material maker, an electric vehicle charger manufacturer and a rare earth producer were among about 35 recipients of energy tax credits.

Tax preparers who fail to take note of red flags and proceed with ERC calculations they know aren't reasonable, or fail to amend an existing claim, might face disciplinary proceedings.

Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.

A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.

Senate Republicans don't want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said. 

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

Notice 2024-30 expands rules for determining an "energy community," among other things.

The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more than $1 billion since the agency instituted a processing moratorium.