Tax credits

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.

The Internal Revenue Service is continuing to combat scammers and promoters encouraging businesses to file claims for the tax credit.

Proposed regulations from the IRS are generally effective beginning in 2024.

It's imperative now more than ever that businesses understand how to efficiently manage their sustainability investments.

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

IRS algorithms in determining tax returns to audit, enforcement policy and resource constraints result in significant racial disparity in returns chosen for a tax audit.

The nation's tax collector decided that it won't tax state rebates and refunds issued last year, just one week after telling taxpayers to hold off on submitting a federal return.