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IRS Says 'Vast Majority' of 1 Million Pandemic-Era Credit Claims Show a Risk of Being Improper
US News & World Report· 11 hours agoIts complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if they didn’t qualify. About 10% to 20% of the 1 million claims ...
Why are some people getting IRS bill after paying taxes?
WCMH via Yahoo News· 9 hours agoCOLUMBUS, Ohio (WCMH) – It’s been more than two months since this year’s tax filing deadline, which...
IRS Details Exceptions to Retirement Plan Distribution Penalty
Bloomberg Law· 9 hours agoThe IRS on Thursday issued guidance on exceptions to an additional tax on early retirement plan distributions for emergency personal expenses and for domestic abuse victims.
New IRS Covid Credit Claims Remain on Hold Amid Fraud Scrutiny
Bloomberg Law· 11 hours agoThe IRS will deny tens of thousands more pandemic-era employee credit claims it deems potentially fraudulent in the coming weeks, as it remains in a holding pattern for processing ...
Small Business Employee Retention Credit IRS
WFMZ Eastern Pennsylvania and Western New Jersey· 10 hours agoFILE - A sign for the Internal Revenue Service is shown on the agency's building on May 4, 2021, in Washington. The IRS said Thursday, June 20, 2024, a...
Why are some people getting IRS bill after paying taxes?
WCMH Columbus· 9 hours agoCOLUMBUS, Ohio (WCMH) – It’s been more than two months since this year’s tax filing deadline, which...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims may be improper
Market Watch· 10 hours agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper. Its ...
The IRS wants to end another major tax loophole for the wealthy
ABC News· 4 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper -...
ABC 7 El Paso· 11 hours agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper. Its ...
Oregon will join free IRS tax prep, filing program next year
La Grande Observer· 13 hours agoSALEM — Some Oregon taxpayers will be able to prepare and file their federal tax returns for free...