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.
How Washington’s AI Summit Leaves Out the Little Guy
Senate Majority Leader Chuck Schumer hopes to kickstart federal AI legislation with a major DC conclave that prioritized the industry’s Goliaths
IRS plan to use AI may affect wealthy taxpayers. Here’s how
The IRS is launching plans with boosted technology and artificial intelligence to collect unpaid taxes from higher earners, partnerships and large corporations, which could transform tax compliance or spark challenges for the agency, experts say.
IRS use of AI in tax audits could be a game changer, but with pitfalls
The Internal Revenue Service plans to leverage artificial intelligence to identify patterns of noncompliance in large partnerships, while also ramping up its examinations of high-income taxpayers and big corporations.
IRS Uses AI to Chase Tax Cheats, Catch Up After Underfunded Era
Artificial intelligence at the IRS isn’t new, but the recent infusion of funding from the Democrats’ tax-and-climate law gives the agency more fuel to address compliance gaps.
Expansion of 179D Benefits under the Inflation Reduction Act
As the world grapples with the challenges of rising energy costs, energy efficiency and conservation have become critical for governments, businesses, and individuals.
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.