Early termination of the clean energy investment credits for solar and wind under the law known as the One Big Beautiful Bill Act means projects must start construction by July 4, 2026.

Tax-related identity theft remains widespread and a potentially serious problem for victims, for whom authorized ...

Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

For taxpayers that have a qualified business unit (QBU) with a functional currency other than the dollar, Sec. 987 provides rules on how to adjust for changes in exchange rates. On Dec. 10, 2024, ...

The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...

Payments including for electricity from electric vehicle stations applied toward the real estate investment trust’s qualifying gross-income tests under Sec. 856, the Service ruled.

A presidential working group’s report advocates the United States implement the OECD’s Crypto-Asset Reporting Framework, an ...

Taxpayers, such as those in Zuch and Murrin, can face unique circumstances where the law overrides their intentions.

The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that ...

A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...

A notice limits methods of meeting a key deadline for project eligibility for two clean energy credits, which recent ...