Tax regulations

Treasury Secretary Janet Yellen is throwing cold water on expectations that the agency will provide relief to foreign automakers lobbying against stringent limits on a popular electric-vehicle tax credit.

More than 60 tax provisions are going up, according to Rev. Proc. 2022-38.

More and more, these assets are becoming embedded in the world's financial systems.

The transition period has now been extended through Jan. 10, 2024 in which taxpayers are afforded a full 45 days to perfect a R&D tax credit claim for refund.

The Treasury Department and the Internal Revenue Service issued final regulations to eliminate a so-called "family glitch" in qualifying for premium tax credits.

The rule change would cost affected companies, independent contractors, and local governments $188.3 million, the DOL estimated.

While it's true that many companies qualify for the employee retention tax credit, there is significant concern about abuse and fraud.

Million-dollar baseballs are raining down on fans like pennies from heaven, and the taxman isn't far behind.

The request for comments is part of the Treasury Department's effort to fast-track the rules from the Inflation Reduction Act.

The government is requesting responses on implementing the Inflation Reduction Act's climate proposals by Nov. 4 or sooner.