IRS to Reject Billions of Dollars in ‘Improper’ ERC Claims
The IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon.
The IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon.
Ronald McDonald House Charities of Northeast Kansas recently hosted a dinner and trivia night for families staying at the Ronald McDonald House in Topeka, Kansas.
The Internal Revenue Service (“IRS”) announced on December 21, 2023 its Voluntary Disclosure Program (“VDP”) for the Employee Retention Credit (“ERC”)
Congress giveth and Congress taketh. Congress (and especially the Senate) will soon consider the House-passed Tax Relief for American Families and Workers Act.
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.
The IRS is taking action against small businesses that improperly filed returns claiming a lucrative pandemic-era tax credit.
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
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
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.
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