IRS proposes status declaration for refundable portions of four credits
A nonfinal IRS proposal would require some taxpayers to attest to their immigration status before receiving the refundable portion of four tax credits.
tax credits
-
-
Treasury, IRS propose status test for four refundable tax credits
A proposed Treasury and IRS rule would limit the refundable portion of four tax credits by immigration status, but it is not final and comments are due Oct. 5.
-
Massachusetts approves $52 million in tax credits for 11 business expansion projects
The Massachusetts Economic Assistance Coordinating Council approved 11 projects for the state’s Economic Development Incentive Program, with $52 million in tax credits tied to business-growth and job commitments.