Tax credits

coronavirus-testing-site-berkeley.jpg
Michael Cohn
August 12, 2020 3:26 PM

Among the pandemic-related issues covered are how to handle the Paycheck Protection Program and other stimulus efforts.

1 Min Read
mcconnell-masked.jpg
By Erik Wasson, Laura Litvan and Laura Davison
July 28, 2020 10:25 AM

The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses.

6 Min Read
irs-headquarters-american-eagle-sign.jpg
Michael Cohn
July 27, 2020 12:54 PM

New regulations to help employers reconcile any advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary, in line with the CARES Act and the Families First Act.

1 Min Read
Sen. Rob Portman, R-Ohio
Michael Cohn
July 20, 2020 5:01 PM

Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic.

3 Min Read
Sign in front of IRS building in Washington, D.C.
IRS
Michael Cohn
July 15, 2020 1:05 PM

The Internal Revenue Service said Wednesday it has begun to send letters to taxpayers who are seeing delays in the processing of their Form 7200, Advance Payment of Employer Credits Due to COVID-19.

1 Min Read
Coronavirus mask billboard in Times Square
Ben Worrell
July 9, 2020 12:44 PM

By incentivizing businesses to rehire employees laid off or furloughed due to COVID-19, states will generate a faster economic recovery and provide valuable assistance for companies to get back on their feet.

2 Min Read
Boarded up residential buildings in the Port Morris neighborhood of the Bronx
IRS
Michael Cohn
July 2, 2020 2:53 PM

The Internal Revenue Service is extending timelines for performing some of the actions associated with the low-income housing tax credit and bonds for qualified residential rental projects to give businesses more time during the COVID-19 pandemic.

3 Min Read
irs-podium.jpg
Michael Cohn
June 15, 2020 5:32 PM

The IRS and the Treasury gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic.

2 Min Read
Wind Farm
Michael Cohn
May 28, 2020 1:45 PM

In response to the coronavirus, the Internal Revenue Service and the Treasury are giving renewable energy companies more time to develop projects using sources such as wind and geothermal.

2 Min Read
AT-081517-R&D Credit expenditure
Dave McGuire
May 27, 2020 10:43 AM

Research credits could look very different for some companies in 2020 compared to other years.

3 Min Read