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IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claims
CNBC· 1 day agoDanny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in...
IRS enters 'next stage' of ERC tax-credit work, outlines plans to resume payments - The Business...
The Business Journals· 1 day agoThe agency in an announcement this week said it had taken the time since its Sept. 14 moratorium on...
Suze Orman: Here’s How To Avoid a Major Tax Bill on Your Inherited IRA
GOBankingRates via Yahoo Finance· 24 hours agoA new IRS rule says most people must withdraw the total balance of inherited IRAs within 10 years of...
IRS Breaks ERC Logjam. What Does This Mean For The Average Joe?
Forbes· 2 days agoAs with any government program that is designed to get large sums of money out to the public quickly, there’s a high risk of fraud. According to the IRS ...
IRS Finds Most ERC Claims Have Unacceptable Levels of Risk
PYMNTS.com· 2 days ago“We will now use this information to deny billions of dollars in clearly improper claims and begin...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 2 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 4 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS ERC tax-credit backlog soars to 1.4M claims. Payments could take years. - The Business Journals
The Business Journals· 4 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 thousands of improper applications.
Why are some people getting IRS bill after paying taxes?
WCMH via Yahoo News· 2 days agoCOLUMBUS, Ohio (WCMH) – It’s been more than two months since this year’s tax filing deadline, which...
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...