The Inflation Reduction Act of 2022 introduced the Code Section 45Y production tax credit (CEPTC) for facilities that generate clean electricity ...

U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

It was not that long ago that the IRS was claiming that the ERC program was rife with fraud. IRS Commissioner Danny Werfel ...

U.S. taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax return may be eligible to receive a stimulus ...

The IRS says that over one million taxpayers may have missed out on the Recovery Rebate Credit (RRC) claimed on their 2021 ...

For larger errors, you may need to respond to an IRS letter asking for more information. “Review the return and all schedules line-by-line for accuracy and completeness,” Trank says.

According to the National Taxpayer Advocate post, “the absolute worst thing taxpayers can do would be to ignore these balance due notices or any other IRS letters and notices.” The IRS has ...