Tax credits

With the Build Back Better bill at least temporarily stalled, where does that leave research tax credits, cost segregation and energy incentives?

Section 179D can help your commercial real estate clients reduce taxable income and increase cash flow significantly.

The service issued an early-release version this month of instructions for IRS Form 6765, “Credit for Increasing Research Activities.”

The correspondence will include important information for completing their 2021 tax returns.

Handicapping which tax credits and other provisions will stay in the Build Back Better package.

Failure could imperil the backbone of the party’s messaging for the midterm elections.

New reporting requirements and possible amortization are on the way.

Families will soon need to reconcile the money they received against what they can officially claim.

A host of provisions will expire at the end of the year, and there's no telling whether they'll be renewed, says Wolters Kluwer's Mark Luscombe.

For Americans worried about rising prices and shrinking household budgets, January could bring another blow to the bottom line.

The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.

One key holdout — Senator Joe Manchin — said he’s skeptical he can vote for a bill that includes major economic changes.

At a recent stakeholder meeting, the IRS addressed the ramifications of the Advance Child Tax Credit payments on tax season and much more.

Businesses want an active role in the climate solution, and tax policy will be on the agenda.

With Congress having terminated the Employee Retention Credit, Notice 2021-65 explains what businesses that claimed it need to do.

Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation.

The House passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped.

President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker Nancy Pelosi united fractious Democrats to send the legislation to the Senate, where its fate remains uncertain.

The House reconvened for the vote Friday after Republican leader Kevin McCarthy delayed action with a more than eight-hour floor speech.

The new act impacts cryptocurrency, the Employee Retention Credit and tax deadlines.