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Taxpayers are concerned the extra $80 billion will lead to more tax audits.
September 14 -
A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.
September 12 -
Many of the income thresholds governing certain tax credits and deductions don't keep pace with inflation. The result: things are even more expensive.
August 18 -
Specialized tax services can be a great way to enhance revenue and cement your relationship as the client’s trusted advisor.
July 22 -
The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.
November 12 -
Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).
October 20Tax & Accounting Professionals business of Thomson Reuters -
The Internal Revenue Service’s Office of Chief Counsel is spelling out new requirements for information from companies submitting claims for research credit tax refunds to prove they’re valid.
October 15 -
Some clients may have to pay the money back if their jobs or salaries change.
June 21 -
The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15.
April 23 -
The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount.
April 16