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IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 3 hours agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era ...
New IRS Covid Credit Claims Remain on Hold Amid Fraud Scrutiny
Bloomberg Law· 5 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 ...
I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud
New York Times· 5 hours agoThe agency said on Thursday that it was extending its freeze on new claims for the program, the ...
Texas Plumbing Firm Seeks $425,000 in Employee Retention Credit
Bloomberg Law· 6 days agoTexas-based Discovery Plumbing Solutions says it’s entitled to $425,000 in employee retention credits from the Covid-19 pandemic.
HILL TAX BRIEF: Inside the IRS’s Pandemic-era Credit Mess
Bloomberg Law· 4 days agoThe Employee Retention Credit—created by Congress as the pandemic forced businesses to keep employees home to prevent ...
IRS ERC tax-credit backlog soars to 1.4M claims. Payments could take years. - The Business Journals
The Business Journals· 2 days agoThe IRS’s backlog of Employee Retention Credit claims has soared to 1.4 million as it sifts through what it believes to be hundreds of ...
IRS Covid Tax Credit Backlog Grows to 1.4 Million Claims
Bloomberg Law· 3 days agoThe inventory of the IRS’s pandemic-era tax credit claims has grown to 1.4 million, with most claims filed before the processing pause, Deputy Commissioner Doug O’Donnell ...
A Covid Lifeline for Businesses Has Become a Curse for the IRS
Bloomberg Law· 4 days agoBusinesses wanted a lifeline to stay open and keep people employed when Covid-19 paralyzed the economy in early 2020. Businesses only had to fill out a few lines added to ...
Senators should seize opportunity to boost small business and help W. Va. kids
The Martinsburg Journal· 6 days agoCapito and Manchin should back a proposal to expand Child Tax Credit and extend small business...