Tax credits

"ERC mills" are encouraging applications for the tax credit from businesses that may not qualify for the pandemic relief program.

But success depends on the outcome of the November midterm election, with a resounding win for one party likely inhibiting any compromise before a new Congress swings into action.

ERC "mills" have come out of the woodwork to lure small business owners into taking a lucrative tax credit they don't qualify for. Here's what advisors need to know.

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.

Many of the income thresholds governing certain tax credits and deductions don't keep pace with inflation. The result: things are even more expensive.

Specialized tax services can be a great way to enhance revenue and cement your relationship as the client’s trusted advisor.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

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).

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.