As if the IRS doesn’t have enough problems with staff shortages and a backlog of returns, now it must deal with potential headaches surrounding enhanced Child Tax Credit payments. The agency recently ...

The IRS launched an online portal for sellers and dealers of energy efficient cars to get advance payment of the tax credits within 72 hours of a sale, essentially cutting the price of the vehicles.

Some taxpayers who bought electric vehicles in 2024 had trouble claiming the tax credits because of bad paperwork. Auto dealers group announced an IRS change that will enable dealers to fix EV tax ...

The Internal Revenue Service (IRS) recently launched a new online registration portal allowing taxpayers to begin the registration process that must be completed in order for a taxpayer to elect to ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

H&R Block (NYSE:HRB) stock sank 7.5% and TurboTax parent Intuit (NASDAQ:INTU) stock dropped 3.7% in Monday premarket trading after a report that the Biden administration is considering creating a ...

Some drivers who bought electric vehicles in 2024 have found it impossible to claim their EV tax credits now when filing their tax returns, thanks to a glitch. But now, a new alert offers a bit more ...