An end to COVID-19-era tax breaks will change how taxpayers file deductions this year and will likely mean smaller refunds or bigger balances due for many Americans,the Internal Revenue Service (IRS) said. Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credi...
Tax attorney Daniel Strickland was interviewed by Bloomberg Tax about the IRS' latest efforts to go after fraudulent and overstated employee retention tax credit (ERC) claims. The ERC was created to help businesses keep employees on payroll during the pandemic, but subsequent audits have...
Tags: business, coronavirus, COVID-19, credit, economic relief, Employee Retention Credit, Employee Retention Tax Credit, ERC, ERC withdrawal program, ERTC, IRS, pandemic, tax, tax credit, taxes, ERC voluntary disclosure program ERC denial letters arriving as senators seek to expedite or eliminate...
Audit-Proof Documentation for IRS Support No Other CPA Firm Offers the 15 Minute Refund™ We only specialize in maximizing Employee Retention Tax Credits for small business owners. You won’t find us preparing income taxes, compiling financial statements, or providing attestation services of any ki...
This will get the refund into your credit union account faster than waiting for a paper check to arrive in the mail. If you log into the IRS website, you can get updates on your refund’s status by clicking on their “Where’s My Refund?” page. Once you receive your refund, be ...
Audit-Proof Documentation for IRS Support No Other CPA Firm Offers the 15 Minute Refund™ We only specialize in maximizing Employee Retention Tax Credits for small business owners. You won’t find us preparing income taxes, compiling financial statements, or providing attestation services of any ki...
IRS temporarily extend the time limitations for investors to designate and complete a section 1031 transaction because of the difficulty under the current COVID-19 restrictions to take the required actions within the necessary time frames. As of now, the IRS has not responded to this request, so...
IRS to pause accepting claims for COVID-era tax credit amid fraudulent claims The tax credit, called the Employee Retention Credit, was created to help small businesses keep paying their employees during the pandemic if they were suspended from operating. ...
The Joint Chiefs of Global Tax Enforcement, consisting of the IRS’s Criminal Investigation unit, with representatives of the UK, Canada, Australia, and...
To help employers contend with the uncertainty and challenges brought on by the COVID-19 outbreak, recent legislation has made new relief opportunities available. We outline the details of three of these opportunities—theemployee retention tax credit(ERTC), the paid sick leave credit, and the pai...