The Court of Tax Appeals (CTA) has denied anew the petition of Oceanagold Philippines, Inc. (OGPI) for a tax refund or tax ...

If you owed $10,000 in federal income tax, then you would qualify for the full $7,500 credit. It’s important to note that any unused portion of the $7,500 is not available as a refund nor as a c ...

A new scam targets Ledger users, sending fraudulent letters to steal recovery phrases, claiming it’s for a "security update." The scam leverages data from Ledger's previous data breach, targeting ...

The credit is non-refundable, which means it can directly lower the amount of income tax a business owes for the year, but it won't result in a refund if the credit exceeds the business's tax bill.

In legal briefs, members of the Attorney General’s Office contend that U.S. District Court Judge Murray Snow erred when he upheld a decision by the Internal Revenue Service that $260 million ...

The return needs a correction to the child tax credit or recovery rebate credit amount. The return has a claim filed for an earned income tax credit or additional child tax credit or includes a ...

Taxpayers across the United States are reporting IRS tax refund delays in April 2025, with many waiting longer than the usual 21-day processing window. If you have not received your refund yet, you ...

use of an automated “risk assessment model” that the IRS used to evaluate and disallow claims for the Employee Retention Credit (ERC), seeking to restore individualized review of ERC claims.

Depending on how you file can affect how long you'll have to wait for your refund. If you're owed a tax refund, it helps to know the IRS refund schedule. Here's when you could expect to see your ...

Regarding the IRS’s acting commissioner’s sudden departure (Friday Review-Journal): Normally, the treasury secretary selects his top staff, so Scott Bessent was right to be upset that Elon Mus ...