Tax

Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.

Plus, GBS Tax and Bookkeeping rebrands as Cleer Tax and Bookkeeping; ITA looks for new president; and other news from the accounting tech world.

The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

His Dishonor; World of hurt; Structural defects; and other highlights of recent tax cases.

Correct accounting, tax preparation and reporting in the cannabis industry requires proper operational setup and processes, expertise and tools.

With input from tax influencers, a Keeper report discusses five enduring Tiktok myths about personal finances.

Football clubs in England's top division have been accused of avoiding tax on an industrial scale, with the Premier League alone accounting for £470 million ($582 million) in lost taxes since 2015.

The West Virginia senator ramped up criticism over an upcoming interpretation of content rules for electric vehicle tax credits, which he suspects will be too broad and generous to foreign suppliers.

The board released an update to improve how companies disclose investments in tax credit structures by letting them use proportional amortization.