Taxes May 13, 2025
House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package.
Taxes April 24, 2025
Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.
Taxes April 22, 2025
Sacramento Assemblywoman Stephanie Nguyen, D-Elk Grove, highlighted a new bill this week that would give a tax credit to business owners who say they have to spend money cleaning up after people who camp out on or near their properties.
Taxes April 11, 2025
Tax season is when some consumers learn they were fraudulently enrolled in an Affordable Care Act plan or switched to a different one without their knowledge.
Taxes March 29, 2025
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
IRS March 26, 2025
The IRS Criminal Investigation unit has launched 2,039 tax and money laundering cases related to COVID fraud, with attempted fraud in these cases totaling $10 billion, since the CARES Act was signed into law in March 2020.
Taxes March 19, 2025
If an Indiana or Ohio bill passes, it would mark the first time a GOP-led state implemented a refundable child tax credit.
Taxes March 17, 2025
Since the “Unleashing American Energy” and “Regulatory Freeze Pending Review" executive orders were issued, there has been much speculation on how they will impact green energy funding and incentives—especially via tax credits—in the Inflation Reduction Act.
Taxes March 13, 2025
By staying ahead of the recent changes the IRS made to Form 6765, accountants and other tax professionals can help businesses maximize their R&D credits while minimizing the risk of IRS audits and compliance issues.