Discusses Treasury regulations for 831(b) microcaptive transactions issued 1/14/2025 re listed transactions and transactions ...

The IRS has announced that on Monday Jan. 27, 2025 will start the 2025 tax filing season. The agency recommends taxpayers to ...

The Internal Revenue Service is making some changes this tax season in an effort to combat tax scams in areas like the Fuel ...

An EIN is a tax ID number for businesses, churches, and some other organizations. An EIN is a form of tax ID number, but not ...

If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard that significant changes in the federal tax ... line 11 of your tax return, IRS Form 1040) must be ...

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit ... cash or in the form of a partial payment ...

Federal tax policy was not kind to Canadians in 2024. That shouldn’t be a surprise: it wasn’t kind to Canadians in 2023 or 2022, either, or in any year since 2016, when the Trudeau government ...

Tax deductions, on the other hand, reduce how much of your income is subject to taxes. Deductions lower your taxable income by the percentage of your highest federal ... can use Form W-4 to ...

The Volkswagen ID.4 also fell off the list. VW is also in a dire financial situation; its Q3 revenue was down 41.7% year-over-year, Automotive Dive reports.It planned to close manufacturing plants ...

One of the many tax terms that may be hard to understand is a "federal tax credit." In simple terms, this type of credit is a benefit offered by the government to help reduce your tax liability.

The federal government plans to extend the deadline for claiming charitable donations on tax returns through to the end of February. The announcement from Finance Minister Dominic LeBlanc comes ...

As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion from the federal budget.