Search results
IRS Enters Next Stage of Employee Retention Credit Work; Review Indicates Vast Majority Show Risk of...
Sierra Sun Times· 9 hours ago“The completion of this review provided the IRS with new insight into risky Employee Retention...
'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS
Reason.com via AOL· 11 hours agoIt's nice that the IRS, like other federal agencies, is catching up with the vast fraud it enabled....
IRS Issues Guidance On Penalty Exceptions For Emergencies And Domestic Violence Victims
Forbes· 17 hours agoAs part of the SECURE 2.0 Act, exceptions now also include distributions for emergency personal...
COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 4 days agoThe IRS’ 2023 improper payment rates for various refundable tax credits were alarmingly high: 14...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 6 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 4 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
JD Supra: IRS Extends Post-Death RMD Relief Under the 10-Year Rule for 2024 Distributions
JD Supra· 4 days agoThis relief was intended to address potential confusion regarding the IRS’s interpretation (as expressed in the proposed RMD regulations published in 2022 ...
More tax woes emerge for Corrine Brown
Florida Politics· 6 hours agoDemocrat Corrine Brown is delinquent on her 2022 taxes, per records from the IRS. The $13,747 owed is just the latest delinquent payment from Brown,...
IRS Issues FAQs on Educational Assistance Programs | JD Supra
JD Supra· 5 days agoThe IRS has issued a new fact sheet (FS-2024-22) to address frequently asked questions about educational assistance programs (EAPs), also known as Section ...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press· 4 days agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
