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IRS asks Congress to scrap employee retention credit amid ‘gold rush’ of bogus claims
The Hill via Yahoo News· 21 hours agoThe IRS is getting blasted with bogus claims for the employee retention tax credit (ERC) and is...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 18 hours agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claims
CNBC· 23 minutes agoDanny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023. The IRS
Treasury and IRS Announce New Attack on Partnership Basis-Shifting Structures and Establishment of...
The National Law Review· 3 hours agoOn June 17, 2024, the IRS announced the formation of a dedicated group in the Office of Chief...
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 20 hours agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era...
IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break
Forbes· 12 hours agoPuerto Rico's legislature passed Act 22 in 2012, according to critics in Congress, “to attract wealthy foreigners and mainlanders to Puerto Rico by offering generous tax-related benefits.” “ ...
IRS has 37,000 webpages. About 2% get nearly all of its traffic
Federal News Network· 19 hours agoThe IRS website includes tens of thousands of pages, but nearly all of its web traffic goes to a...
IRS advance child tax credits from 2021 not returning in 2024 | Fact check
USA Today· 4 days agoA June 9 Facebook post (direct link, archive link) claims children will receive hundreds of dollars...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
San Francisco Chronicle· 19 hours agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
IRS News Release: High-Risk Employee Retention Credit Claims to Be Denied, More Processing to Begin...
Bloomberg Law· 4 hours agoThe IRS plans to deny tens of thousands of improper high-risk Employee Retention Credit claims while starting a new round of processing lower-risk claims to help eligible taxpayers. the IRS ...