Employee Retention Credit – Taxpayers And The March 22nd Deadline
Congress giveth and Congress taketh. Congress (and especially the Senate) will soon consider the House-passed Tax Relief for American Families and Workers Act.
Taxpayers Concerned About Fraudulent ERC Claims Must Act Now
While Covid-19 relief appropriations pulled many businesses from the brink of demise, an onslaught of associated fraud has come to the surface, especially regarding claims for the employee retention credit.
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.
The New IRS Withdrawal Process for Ineligible ERC Claims
Filing corporate tax returns can be a complex and time-consuming process for businesses. Mistakes can happen, leading to missed opportunities for tax incentives and credits. Fortunately
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
Amending Corporate Tax Returns with Form 1120X
Filing corporate tax returns can be a complex and time-consuming process for businesses. Mistakes can happen, leading to missed opportunities for tax incentives and credits. Fortunately
Top Tax Myths Surrounding Non-profit Organizations
Non-profits are an integral part of our society, but they often face a lot of misinformation when it comes to tax obligations.
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.
5 Warning Signs to Spot a Fake ERC Provider
The Employee Retention Credit is the most powerful credit available to businesses nationwide. But with scams and unreliable providers on the rise, there are growing concerns, which has led to the IRS moratorium on ERC to protect honest taxpayers.
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.