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IRS says 'vast majority' of 1M pandemic-era credit claims show a risk of being improper
The Post and Courier· 1 day agoAbout 10 percent to 20 percent of the 1 million claims showed "clear signs of being erroneous" and...
IRS Defends Denying Repair Deductions to US Tomato Suppliers
Bloomberg Law· 10 hours agoSuppliers for 40% of the US’s tomato paste and diced tomatoes shouldn’t be allowed to deduct restoration costs for their processing facilities before the restorations are complete, the
IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
Politico· 1 day ago“The completion of this review provided the IRS with new insight into risky Employee Retention Credit activity and confirmed widespread concerns about a large number of improper ...
IRS says ‘vast majority' of 1 million pandemic-era credit claims show a risk of being improper
NBC Dallas Fort Worth· 1 day agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention...
Timothy Holdiness: Protect Our Seniors: Crack Down on IRS Impersonation Scams
McComb Enterprise-Journal· 1 day agoAs part of ongoing efforts to safeguard our senior community, the IRS recently issued a warning about a surge in impersonation scams targeting older adults in Mississippi ...
IRS penalties on American taxpayers surged nearly 300% last year
FOX Business· 2 days agoThe IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a...
IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
WKBT La Crosse· 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
US News & World Report· 1 day 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 ...
IRS cracks down on tax loophole that could raise $50 billion
KULR-8 Billings· 4 days agoUNITED STATES - The IRS announced Monday that it is closing a major tax loophole with the hopes of...
IRS Announcement: Partial Suspension of U.S.-Russia Tax Treaty
Bloomberg Law· 8 hours agoNotice of partial suspension of the U.S.-Russia tax treaty, the IRS announced. The United States provided formal notice to the Russian Federation on June 17, 2024, to confirm ...