Tax credits

Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought to include in this year's U.S. climate law.

After the midterm elections, Republicans and Democrats will be focusing on a compromise to extend tax breaks for both groups.

The Internal Revenue Service is sending out letters this week to more than 9 million potentially eligible families who didn't previously claim economic impact payments or tax credits.

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.

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

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

Although the law includes several benefits, many manufacturers and trade groups were disappointed it did not repeal the Section 174 R&D expenditure capitalization requirements of the TCJA.

The service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit.

The vast majority of advance payments of the CTC went to eligible families, but millions of taxpayers who should have received the money did not, while millions of others who didn't qualify got them.

Not keeping abreast of the green provisions of the Inflation Reduction Act could lead to trouble.

The service published updated information about the credit after a scathing investigative report about how the longtime tax credit is being abused.

ERC "mills" have come out of the woodwork to lure small business owners into taking a lucrative tax credit they don't qualify for. Here's what advisors need to know.

The Act provides higher deductions for meeting prevailing wage and apprenticeship requirements.

Will the average taxpayer qualify for a larger deduction or credit, or will their eligibility drop?

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

The law includes tax credits for electric vehicles made in North America but the EU's concerns go beyond this sector.

A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.

The HR tech provider bought a fintech company that automates the research and development tax credit process for SMBs.

The Internal Revenue Service has been slow in processing employer tax credits and tax refunds that businesses were supposed to receive.

The proposed update aims to improve the accounting and disclosures for investments in tax credit structures.