Tax credits

Hail Nexus Monday; startups using tax losses; advantages in the season’s choices; and other highlights from our favorite tax bloggers.

The IRS issues guidance for calculating and claiming the credits.

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.

Lawmakers approved the measure this spring as a way to get around limits in the new federal tax law on state and local tax deductions.

The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025.

PNC Financial Services Group Inc. received subpoenas from federal prosecutors in Florida over practices related to its purchases of low-income housing tax credits, according to two people familiar with the matter.

Wells Fargo & Co. investors who were learning to live with an unprecedented penalty the Federal Reserve imposed for bad behavior will have their patience tested again as details emerge on another scandal.

Fundrise LLC helped pioneer a model of raising small amounts of money online for real estate projects around the U.S. Now it’s starting a fund to buy properties in low-income areas of the country eligible for generous tax breaks.

Motion picture and TV production tax incentives should be incorporated in the tax planning process to lower the cost of production.

The clock is ticking for Tesla Inc. customers looking for incentives on their purchase.

Businesses creating a brand-new product may be aware of the Research & Development tax credit, but they may be unaware that improvements made to an existing product may qualify as well.

The Internal Revenue Service is extending incentives for solar power and other clean energy sources by as long as four years.

Though all business owners face a variety of barriers when starting and running their companies, restaurant owners must manage a unique set of payroll and HR circumstances.

A Tennessee law enacted last month that specifically cuts taxes for publicly traded investment firms will benefit AllianceBernstein Holding LP in its move to Nashville from New York City.

People don’t typically think of research and development when they think of banks, retailers, brokers, insurance companies, hedge funds and financial service companies. However, many of these companies have large IT departments that are developing software for their own operations.

The time to start preparing for the TCJA’s affect on individual taxpayers next year is right now.

The agency is giving a break to companies in counties where there's no SHOP Marketplace coverage available.

The Internal Revenue Service is being urged to consider modifying the 1040 form to simplify claiming the Earned Income Tax Credit.

The Internal Revenue Service said Friday it’s ready to process tax year 2017 returns claiming four additional tax benefits recently renewed retroactively into law, including tax breaks related to energy conservation and production.

Despite legislation in 2015 giving the tax agency more time to double-check returns claiming the EITC and the ACTC, the process often doesn't work.