IRS releases fact sheet regarding residential energy credits
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
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With no year-end tax package, businesses face unfavorable changes
Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
The Inflation Reduction Act of 2022 proposes $80 billion in additional funding for the IRS
The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.