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IRS asks Congress to scrap employee retention credit amid ‘gold rush’ of bogus claims
The Hill via Yahoo News· 19 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· 16 hours agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
IRS News Release: High-Risk Employee Retention Credit Claims to Be Denied, More Processing to Begin...
Bloomberg Law· 2 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 ...
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 17 hours agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press Finance via Yahoo Finance· 19 hours agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention...
IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break
Forbes· 10 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 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 has 37,000 webpages. About 2% get nearly all of its traffic
Federal News Network· 17 hours agoThe IRS website includes tens of thousands of pages, but nearly all of its web traffic goes to a...
Retirement Plan Distributions: IRS Provides Guidance on Certain Exceptions from 10% Additional Tax...
Sierra Sun Times· 2 hours agoWASHINGTON – The Internal Revenue Service has issued Notice 2024-55PDF, which provides guidance on...
IRS Finds Most ERC Claims Have Unacceptable Levels of Risk
PYMNTS.com· 13 hours agoThe IRS plans to deny tens of thousands “improper high-risk” Employee Retention Credit (ERC) claims...