Tax credits

The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer, but is not lifting its moratorium.

The Internal Revenue Service cautioned consumers to beware of inaccurate advice which prompted thousands of taxpayers to file overblown claims and held up their refunds.

The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.

A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.

Senate Republicans don't want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said. 

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.

The measure now heads to the Senate where lackluster Republican support threatens to sink it.

As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.