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Sen. Ron Wyden proposes ending existing tax breaks for fossil fuels and creating new incentives for low-and-no carbon energy sources.
April 21 -
The service intends to take steps to automatically refund money starting in May and continuing through the summer.
March 31 -
The service released a FAQ to explain how students and universities should report emergency financial aid grants related to the pandemic.
March 31 -
Estimates suggest that the total of the net operating loss refunds may eventually top $25 billion.
March 31 -
With the passage of so much tax legislation over the past several years, there is tremendous opportunity for savings and planning.
March 30 -
For those with less than $150,000 in adjusted gross income who collected unemployment benefits this past year, the COVID relief bill allows them to receive up to $10,200 of those benefits tax-free.
March 16Tax & Accounting Professionals business of Thomson Reuters -
The new venture enables CPA firms to help small-business owners secure employer-based tax help.
March 16 -
The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief.
March 15 -
The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use a pandemic-related tax break to deduct opioid settlement payments.
March 5 -
Maneuvers played out across the country as census tract boundaries were changed to accommodate wealthy investors whose projects fell outside the lines of roughly 8,700 opportunity zones. About 140 tracts grew in size.
February 25