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IRS includes Baker County into tax relief for those impacted by sever storms, tornadoes
WJAX via Yahoo News· 2 hours agoThe IRS said it automatically identifies taxpayers located in the covered disaster area and applies...
IRS Enters Next Stage of Employee Retention Credit Work; Review Indicates Vast Majority Show Risk of...
Sierra Sun Times· 1 day ago“The completion of this review provided the IRS with new insight into risky Employee Retention...
Wife Liable for Tax on Husband’s IRA Pull, but Not IRS Penalty
Bloomberg Law· 1 day agoA New Jersey woman can’t claim innocent spouse relief over a $15,000 federal tax bill , the US Tax Court ruled, but the IRS& ...
JD Supra: IRS Extends Post-Death RMD Relief Under the 10-Year Rule for 2024 Distributions
JD Supra· 5 days agoThis relief was intended to address potential confusion regarding the IRS’s interpretation (as expressed in the proposed RMD regulations published in 2022 ...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 7 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS Breaks ERC Logjam. What Does This Mean For The Average Joe?
Forbes· 5 days agoThe breakthrough, while significant, may not be what many taxpayers and practitioners were looking for, but it is a step in the direction of relief for some taxpayers relying ...
Pushing for some low-risk processing
Politico· 1 day agoThe backlog of claims for the ERC, a pandemic relief measure for businesses, has now climbed to 1.4 million, and IRS officials worry that getting rid of ...
'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS
Reason.com via Yahoo News· 1 day agoAs of the end of May, the IRS "has initiated 450 criminal cases, with potentially fraudulent claims...
Bankrupt Construction Firm Sues for $4 Million Employment Credit
Bloomberg Law· 5 hours agoThe program grants tax credits to companies which continued to employ workers despite economic hardship in the wake of the Covid-19 pandemic, and was initially passed as a ...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 5 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...