Biden administration finalizes clean electricity tax credits, says Trump should keep in place
New tax credits are available for companies that generate clean electricity, the Biden administration announced Tuesday, ...
Nexus Inc. executive pleads guilty to federal tax fraud charges
Nexus Inc. executive Richard Moore and his defense team stood before a U.S. federal judge to begin his tax fraud jury trial ...
IRS Reverses Course On Listed Transaction Penalties In New Guidance
The IRS quietly released an Action on Decision on January 2, 2025, which provides significant concessions to taxpayers ...
SUN: Stimulus update: IRS to send out $2.4 billion in outstanding checks from 2021
This month, the Internal Revenue Service says it will distribute about $2.4 billion in outstanding stimulus check funds to ...
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What details does the Social Security number contain?
The Social Security Number (SSN) has evolved from a simple tool for tracking earnings to a crucial element of identification ...
A Key Part of Biden’s Climate Law Was Built to Survive Trump. Now, the Test.
A lucrative tax credit for renewable energy could be hard to kill because it applies to a technologies favored by Republicans ...
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IRS proposes banning contingency fees
The Treasury Department and the Internal Revenue Service have proposed amendments to Circular 230, which governs practice before the IRS. The amendments are the most extensive since 2014, and cover ...
Accounting Today8h
IRS, Treasury finalize rules for clean electricity tax credits
The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and ...
2025 U.S. Tax Legislation Forecast
In this episode of Tax Notes Talk, Tax Analysts Chief Operating Officer Jeremy Scott reviews the 2024 developments in U.S. tax legislation and speculates what may lie ahead in 2025.