Claiming Tax Incentives – S Corp vs. C Corp vs. LLC: A Comprehensive Guide
Tax incentives are an essential part of business operations in the United States. They provide a powerful source of financial support for businesses
‘Tsunami’ of ERC claims required IRS action to halt fraud, experts say
This is the type of language used on websites and in TV ads to get small businesses to apply for the employee retention credit (ERC), a pandemic-era program that applied in 2020 and 2021.
IRS to Stop Processing Employee Retention Credits Until 2024
The IRS is clamping down on fraud in a pandemic-era tax program benefitting small businesses.
alliantgroup Vice Chairman and Former IRS Commissioner, Mark Everson Statement on Today’s IRS Announcement on ERC
alliantgroup Vice Chairman and Former IRS Commissioner, Mark Everson Statement on Today’s IRS Announcement on ERC: At alliantgroup we have helped thousands of taxpayers claim this important benefit.
IRS Temporarily Stops Employee Retention Credit Processing
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.
IRS halts new ERC processing after flood of bogus claims
The Internal Revenue Service said Thursday it’s putting an immediate stop to processing of new claims for the Employee Retention Credit after receiving a surge of questionable claims. The immediate moratorium will be in effect until the end of the year.
Small Business, Big Savings – 5 Tax Hacks for Small and Medium Businesses
Small and medium Businesses are the heart of the US economy. Not only do they make up 99.9% of all domestic businesses, they also keep the American Dream alive.
Employee Retention Credit: Afraid Of IRS Knocking? — What To Do
I have written recently that taxpayers need to beware of “too-good-to-be-true” pitches for the Employee Retention Credit (ERC) and that business owners need to be “eyes open” about whether they qualify for the ERC.
Employee Retention Credit — Eyes Open
The IRS recently announced that scams from promoters pitching the Employee Retention Credit (ERC) to unwary business owners is the top of the “dirty dozen” list of tax cons this year. As I’ve written about previously, business owners need to be eyes open about the ERC – and work closely with their CPA/trusted tax advisor about whether they may qualify for the ERC.
Businesses can still claim the Employee Retention Credit
Getting refunds on your taxes can be exciting but waiting for your refund is a different matter. Whether you are a seasoned attorney with years of experience or you are submitting your taxes for the first time, the IRS refund process can seem slow. So what can you do about it?