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IRS Finds Most ERC Claims Have Unacceptable Levels of Risk
PYMNTS.com· 1 day agoThe IRS plans to deny tens of thousands “improper high-risk” Employee Retention Credit (ERC) claims...
IRS says 'vast majority' of 1M pandemic-era credit claims show risk of being improper - Maryland...
The Daily Record· 1 day agoIts complex eligibility rules allowed scammers to target small businesses, offering help applying...
IRS plans to close 'major' tax loophole used by wealthy Americans
FOX Business· 5 days agoThe IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by...
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting | JD Supra
JD Supra· 23 hours agoBasketball just wrapped up its season and hockey is in the last period of its season, but there is no summer vacation for the IRS Large Business and International (LB&I) division ...
IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever, States Can Too
Forbes· 2 days agoIf you face a tax audit and can legitimately point to the statute of limitations to head off trouble...
IRS updates rules for early retirement withdrawals due to emergencies, domestic violence
KRCR TV Redding· 14 hours agoThe IRS has some new guidance for people who may want to prematurely pull from their retirement...
The IRS Is Targeting Partnership Transactions: Is Your Representative Ready? | JD Supra
JD Supra· 23 hours agoEarlier this week, Treasury and the IRS issued guidance to halt the use of partnership rules in the Internal Revenue Code to engage in abusive basis-shifting transactions ...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Stamford Advocate· 1 day agoThe ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it...
IRS hit a ‘big milestone’ to wean itself off paper. What comes next?
Federal News Network· 4 days agoThe IRS is taking major strides to wean itself off paper. The agency’s Document Upload Tool is...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
WJTV Jackson· 1 day agoNEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the...