Tax credits

Avoid some of the problems that can come up during an audit by using the wrong words.

Tax pros share what they and their clients think about the proposed tax on the rich.

The two appropriations bills extend government funding while also dealing with several of the tax extender provisions and repealing some Obamacare taxes.

The legislation extends a number of credits, and kills some Affordable Care Act taxes.

The agency is once again reaching out to practitioners who originated problematic returns.

The expansion of a tax credit for electric vehicles isn’t likely to appear in a broad deal being negotiated by House and Senate leaders, and backers of the popular tax break say President Donald Trump is to blame.

U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.

The Internal Revenue Service and the Treasury Department released their final regulations on two major international tax provisions, the Foreign Tax Credit and the Base Erosion and Anti-abuse Tax (BEAT), which was included as part of the Tax Cuts and Jobs Act.

The GREEN Act aims to deal with climate change by offering a range of tax incentives for use of renewable energy.

The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules.

The ranking Democrat on the Senate Finance Committee wants to create two new tax incentives to help small businesses owned by women to hire and grow and get access to capital.

A TIGTA report found the IRS has trouble telling good claims from bad.

The Internal Revenue Service isn’t doing enough to address billions of dollars worth of potentially erroneous carryforward tax credits and deductions claimed by businesses, according to a new report.

Tax preparers and their clients should be paying attention to these changes for next tax season.

The state approved incentives for major films by two of Hollywood’s biggest studios.

Four family members belonging to a Utah polygamist group admitted defrauding the U.S. of $512 million in renewable-fuel tax credits, with the leader saying the mastermind was an Armenian immigrant who owns a small oil and gas empire in Southern California. That businessman now faces trial alone.

The Internal Revenue Service issued some clarifications on an agreement with the French government not to challenge foreign tax credits for certain kinds of tax payments in France.

Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.

Extending tax breaks that are intended to benefit families and small businesses come with a steep cost, according to Congress’s nonpartisan scorekeeper.

About $18.4 billion in bad payments were made on the refundable credit in 2018.