News

Notably absent from the rough draft was legislation around state and local tax (SALT) deduction caps, a new millionaires’ tax ...
Thousands of small businesses could be left without a refund under a proposed plan for the Employee Retention Credit.
In the years since COVID-19 shut down the country, many businesses applied for the Congressionally-authorized Employee ...
WASHINGTON—House Republicans unveiled a tax plan that raises the state-and-local tax deduction, ends some taxes on tipped ...
GOP leaders hope to move it through the entire House by Memorial Day, and forward it on to the Senate for approval.
U.S. Rep. Byron Donalds says he favors a provision in the House tax package that would allow audits of companies that ...
It targets several clean energy tax credits implemented under the Democratic reconciliation bill passed under President Joe ...
More than a half-million pandemic-era tax credit claims are still waiting to be processed by the IRS, which could take at least until the end of the year to get through, the National Taxpayer Advocate ...
The report, released Monday by the Treasury Inspector General for Tax Administration ... such as the Employee Retention Credit. TIGTA made three recommendations in the report, suggesting the IRS ...
such as the Employee Retention Credit and the Fuel Tax Credit. Taxpayers should always remember that if something sounds too good to be true, it probably is. Bogus self-employment tax credit ...