Did your small business keep employees on your payroll through the pandemic? Congratulations! You may be eligible for a tax credit from the Internal Revenue Service. The Employee Retention Tax Credit, ...
The IRS’ second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money they received after filing ERC claims in ...
The news isn’t all bad for businesses with outstanding ERC claims. Despite criticisms that the process is taking too long, the IRS will continue to review Employee Retention Credit (ERC) claims ...
You can add the Internal Revenue Service to the ranks of federal agencies conceding that raining taxpayer money on all and sundry to offset the negative effects of pandemic-era closures didn't go as ...
Wonder Land: Covid-19 disrupted people’s private lives. Biden addressed concerns with a $6 trillion spending spree that's had little effect on them. Images: SMG/Zuma Press/AFP/Getty Images Composite: ...
When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95 ...
The lawsuit is one of several filed in recent years to allege delayed Employee Retention Credits for employers that dealt with business disruptions during the pandemic’s earliest phases. Congress ...
In its attempt to speed processing of employee retention credit (ERC) claims, the IRS changed its policy for pre-refund examinations and should consider reviewing nearly 185,000 claims totaling almost ...
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 ending ...
The Internal Revenue Service has announced that, following the moratorium on processing Employee Retention Credit claims after Sept. 14, 2023, it is starting to process claims received prior to that ...