Tax

The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.

Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.

Proposed guidance aims to reduce U.S. reliance on China for batteries and minerals.

The Biden administration's requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in U.S. manufacturing by automakers and suppliers kick in.

Accounting firms are looking for ways to keep in touch with clients often and to advise them as much as they can, and payroll is a high-touch service that can accomplish this.

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.