Tax credits

President Joe Biden told a group of lawmakers that a permanent expansion could be difficult to pass the Senate.

A dedicated address for Forms 9410-X would be a start, the company told the IRS.

The legislation aims to reduce inequality by giving more entrepreneurs access to capital through tax incentives.

Only 39 percent of employers with fewer than 500 employees are aware of the ERTC and only one in five business owners plans to claim the ERTC.

The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount.

Dixon Hughes Goodman wants the IRS to provide relief for businesses that are eligible for the 2020 ERC when the tax refunds haven’t yet been received.

Commissioner Charles Rettig left open the possibility that there may be delays.

The Internal Revenue Service is mailing letters to taxpayers explaining why they may not be getting as much of a Recovery Rebate Credit as they were expecting on their taxes.

President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the U.S. economy while combating climate change.

The clean energy industry is rushing to hitch a ride on President Joe Biden’s emerging infrastructure plan, which could top $3 trillion.

Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.

Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. Tax Code in coming months.

The Investment Tax Credit and the Production Tax Credit can provide value in the corporate climate under President Biden.

The new venture enables CPA firms to help small-business owners secure employer-based tax help.

Members of Congress are proposing bipartisan legislation to extend the deadline for Paycheck Protection Program loans another two months as accountants press for more time on the expiring program.

The legislation includes a massive, one-year expansion to the child tax credit program aimed at curbing child poverty, a change Democrats are already seeking to make permanent.

Mark Luscombe offers an in-depth look at the many tax angles of the American Rescue Plan.

Confusion around the program and other stimulus measures may be preventing small businesses from getting the help they need.

Senate Democrats passed the latest version of the $1.9 trillion stimulus bill after a more than 24-hour voting session that included the longest single vote in the chamber’s history.

The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.