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IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
Politico· 4 hours 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 Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 5 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS asks Congress to scrap employee retention credit amid ‘gold rush’ of bogus claims
The Hill via Yahoo News· 3 days agoThe IRS is getting blasted with bogus claims for the employee retention tax credit (ERC) and is...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 3 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claims
CNBC· 2 days agoDanny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in...
IRS advance child tax credits from 2021 not returning in 2024 | Fact check
USA Today· 6 days agoA June 9 Facebook post (direct link, archive link) claims children will receive hundreds of dollars...
IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever, States Can Too
Forbes· 4 days agoIf you face a tax audit and can legitimately point to the statute of limitations to head off trouble...
IRS Breaks ERC Logjam. What Does This Mean For The Average Joe?
Forbes· 3 days agoThe Internal Revenue Service (IRS) announced a breakthrough today in the logjam of Employee Retention Credits (ERC) that has plagued the agency since a moratorium on processing ...
IRS hit a ‘big milestone’ to wean itself off paper. What comes next?
Federal News Network· 6 days agoThe IRS is taking major strides to wean itself off paper. The agency’s Document Upload Tool is...
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process...
WTOP Washington· 6 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...