Tax regulations

If enacted, the regs would require practitioners to maintain a certain level of technological competence, among other things.

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Final regulations on clean energy partnership credits, raised 401(k) limits and more from the Internal Revenue Service in November.

The Inflation Reduction Act extended the tax incentives for clean energy development project developers, and the new rules add more clarity.

The long efforts to put in place the enforcement mechanisms to attack syndicated conservation easements appear to at last be finalized.

Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.

For individuals, the overpayment and underpayment rate will be 7%.

Donald Trump's re-election brings uncertainty to the tax landscape, including proposals for both numerous tax breaks and funding cuts to the IRS.

The IRS is reminding Enrolled Agents with SSNs ending in 0, 1, 2 or 3 that they need to renew their enrollment.

Erin Collins is objecting to proposed regs that would enable the IRS to shorten its third-party notice requirements from 45 days to as little as 10.

The final regulations provide a long overdue update to rules that had been in place since at least the 1950s, and even the 19th century.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

The Internal Revenue Service set the credit at $1.25 to $1.75 per gallon of fuel with a minimum reduction of 50% of GHGs.

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, including solar wafers.

The IRS is reminding tax pros to register for or renew their professional ID number by Dec. 31.

The Supreme Court decision in Loper Bright has broad implications for the tax regulations written and administered by the Treasury and the IRS as well as the agencies tasked with the regulation of the alternatives industry.

The Internal Revenue Service says it is processing some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims.

The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.