IRS restructures leadership
The Internal Revenue Service has reorganized its leadership structure at the top, with a single deputy IRS commissioner instead of two,…
IRS rejects claims from 20,000 taxpayers for lucrative small business tax credit
The IRS is taking action against small businesses that improperly filed returns claiming a lucrative pandemic-era tax credit.
IRS Warns Employers About This One Tactic to Claim Pandemic Tax Credit
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS has been taking a hard eye at ERC filings given
Yellen defends IRS against cuts, plans ambitious tax season
Treasury Secretary Janet Yellen addressed a group of Internal Revenue Service employees Tuesday as the agency fends off budget cuts pushed by House Republicans.
National Taxpayer Advocate Objectives Report Highlights Improved IRS Processing Numbers
The National Taxpayer Advocate (“NTA”) is required to submit a report to Congress by June 30 of every year pursuant to Code Sec. 7803(c)(B)(i).
What comes next in the IRS’s ERC withdrawal process?
The Internal Revenue Service is providing a way for businesses to withdraw incorrect claims for the Employee Retention Credit if they haven’t been paid yet,
What to know as IRS kicks off withdrawal option for pandemic-era small business tax credit
The IRS has announced a special withdrawal process for small businesses that wrongly claimed a pandemic-era tax break — and experts have tips for those who may be affected.
IRS Earns Praise for ERC Claim Withdrawal Initiative
An IRS initiative that will allow businesses to withdraw questionable employee retention credit claims is being hailed as a positive development that could help taxpayers and the IRS alike.
ERC — IRS Withdrawal Process — What Should Business Owners Do?
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS has been taking a hard eye at ERC filings given
IRS offers process for withdrawing bogus ERC claims
The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they’ve fallen victim to a scam at the hands of so-called “ERC mills” that aggressively promote the credit to businesses.