In her annual report to Congress for 2024, National Taxpayer Advocate (“NTA”) Erin M. Collins identified the processing of ...

The U.S. Treasury Department and the IRS have released proposed regulations to update the rules for certain tax professionals ...

In pending ERC litigation, the government made a surprising concession regarding its interpretation of the partial suspension ...

The IRS Friday proposed rules on the commercial clean vehicle tax credit from the Democrats’ 2022 tax-and-climate law. These rules (REG-123525-23, RIN 1545-BR06) impact eligible taxpayers who place a ...

Companies and organizations are still looking into what it all may mean before moving forward. Newly finalized federal rules for a tax credit on the production of clean hydrogen qualifies methane ...

Understanding how fringe benefits are taxed can help employees maximize their benefits and avoid unexpected tax liabilities ... benefits as a recruitment or retention strategy, as these benefits ...

Whether you’re a newcomer to the world of credit or an experienced user looking to optimize your travel rewards, these rules can help enhance your understanding of credit card strategies and ...

On the flip side, however, you may qualify for several new tax ... Credit. To qualify as a new parent, you must have earned income in 2024 and have work-related childcare expenses, among other rules.

"Elon Musk, CEO of Tesla, is also publicly in favor of ending the clean vehicle tax credit, going on record to state that the effect would be far more deleterious to rival companies than Tesla." ...

Choosing the right credit card for your unique financial situation doesn’t have to be complicated. In an article, money expert Ramit Sethi shared his three top rules for choosing a credit card ...

The Employee Retention Credit, or ERC, was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules ...