The IRS' second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money ...
Lawsuits are descending upon the IRS over tax refunds related to the Employee Retention Credit, and this could just be the beginning. For example, an industrial staffing company in Ohio ...
The nation is 10 months into the moratorium on Employee Retention Credit claims, and with the IRS's recent announcement that it would deny thousands of improper claims, there are no signs of it ...
November 22, 2024, is the deadline for the Internal Revenue Service's second Employee Retention Credit Voluntary Disclosure ...
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced plans to deny tens of thousands of improper Employee Retention Credit (ERC) claims following an extensive review aimed at ...
IRS is sending out thousands of denial letters on Employee Retention Credit (ERC) claims. What steps can you take and should you take in response to a denial letter.
Due to an increase in ERC tax credit scams and fraud and to protect honest business owners, the IRS stopped processing new employee retention credit (ERC) claims for the foreseeable future.
The IRS is processing about 400,000 Employee Retention Credit claims worth about $10 billion — a sharp increase in volume after the agency began processing valid claims over the summer.
The pair were indicted on more than 50 counts, including wire fraud, money laundering, preparing false tax returns and ...
Federal prosecutors in Tennessee say two tax preparers submitted $65 million in false claims for refunds under programs ...
The IRS said the new deadline to file under the consolidated employee retention credit claims process is Dec. 31. The previous deadline was Friday.