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To Combat Biofuel Tax Credit Fraud, We Need a Proactive Approach
Bloomberg Law· 2 days agoAn audit from the Treasury Inspector General for Tax Administration issued last month found ongoing and significant flaws in administration and issuance of biofuel
Will Energy Tax Credit Guidance Ruin Your Summer Holiday?
Forbes· 2 days agoIt’s nearly summer, and the IRS and Treasury still have a long list of guidance under the Inflation...
Treasury, Internal Revenue Service Issue Final Regulations for Transfer of Energy Credits | JD Supra
JD Supra· 1 day agoOn April 25, 2024, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations regarding the transfer of energy tax
IRS says taxpayers who filed suspicious returns with key tax credits must verify their IDs
Detroit Free Press via Yahoo Finance· 6 days agoThe IRS crackdown on what appears to be extensive fraud involving key but obscure tax credits...
Illinois House passes $53.1B with tax changes, migrant funding and more
NBC Chicago· 19 hours agoThe Illinois House passed a $53.1 billion state budget early Wednesday morning, approving a plan...
IRS Floats Tech-Neutral Energy Tax Credit Eligibility Rules
Bloomberg Law· 19 hours agoThe Treasury Department and IRS proposed new rules on tech-neutral green energy tax credits that are slated to take effect in 2025 and are being billed ...
New Zealand govt delivers modest tax relief and lower spending as economy struggles
Reuters via Yahoo Finance· 3 hours agoNew Zealand’s government on Thursday outlined a soft economy, rising unemployment and a weaker...
Labour and Tories rule out VAT hike
PA Media: Money via Yahoo Finance· 2 hours agoDuring speeches this week, Ms Reeves has said her party has no plans to announce new tax rises beyond already announced policies, including a plan to...
...taxpayers they may be scam victims if they filed for big refunds; misleading advice leads to...
The Post and Courier· 16 hours agoGiven the questionable nature of many of these claims, the IRS has frozen the refunds for these taxpayers. Taxpayers have to follow several specific steps to resolve these issues. Taxpayers ...
In early morning vote, Illinois House approves $53.1 billion state budget bolstered by $750 million...
Chicago Tribune via Yahoo Finance· 15 hours agoSPRINGFIELD, Ill. — Illinois House Democrats early Wednesday approved a $53.1 billion election-year budget that boosts spending by $400 million from what Gov. J.B. Pritzker proposed earlier ...
