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IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press· 5 days agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
Pushing for some low-risk processing
Politico· 1 day agoWHERE DO YOU GO FROM HERE? The IRS said last week that it was keeping its current moratorium on processing new claims for the Employee Retention Credit, arguing that the vast ...
IRS Notice: Chemical Superfund Excise Tax List Modified to Include Polyoxymethylene (IRC §4672)
Bloomberg Law· 24 hours agoList of taxable substances subject to excise tax is modified to include polyoxymethylene, the IRS announced. Effective for tax purposes on Oct. 1, 2024. Effective for refund claims purposes under ...
IRS penalties on American taxpayers surged nearly 300% last year
FOX Business· 5 days agoThe IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a...
IRS extends freeze on Pandemic-Era Tax Credit due to widespread fraud - ABC Columbia
ABC Columbia· 4 days agoIf you just put in an application for the Employee Retention Tax Credit Program, you might be...
IRS adds another state to Direct File, as House Republicans seek to defund it
Federal News Network· 7 days agoThe IRS is recruiting another state to participate in its Direct File platform, which lets...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Midland Reporter-Telegram· 5 days agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
CW39 NewsFix· 5 days agoNEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the...
IRS Notice: Inflation Adjustment Factors, Applicable Amounts for Credit for Production of Clean...
Bloomberg Law· 23 hours agoInflation adjustment factors and applicable amounts for the credit for production of clean hydrogen under I.R.C. §45V for calendar years 2023 and 2024, the IRS released. [Notice 2024-45, 2024-26 I.R.B. ...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
WSLS Newschannel 10 Roanoke· 5 days agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...