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Bankrupt Construction Firm Sues for $4 Million Employment Credit
Bloomberg Law· 32 minutes agoThe program grants tax credits to companies which continued to employ workers despite economic hardship in the wake of the Covid-19 pandemic, and was initially ...
IRS Enters Next Stage of Employee Retention Credit Work; Review Indicates Vast Majority Show Risk of...
Sierra Sun Times· 1 day ago“The completion of this review provided the IRS with new insight into risky Employee Retention...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 6 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS
Reason.com via Yahoo News· 1 day agoAs of the end of May, the IRS "has initiated 450 criminal cases, with potentially fraudulent claims...
IRS Breaks ERC Logjam. What Does This Mean For The Average Joe?
Forbes· 4 days agoThe breakthrough, while significant, may not be what many taxpayers and practitioners were looking for, but it is a step in the direction of relief for some taxpayers relying ...
Pushing for some low-risk processing
Politico· 1 day agoRettig told Weekly Tax in a statement that the IRS’s risk-management work on the ERC claims should be applauded. But he also...Majority Leader Chuck Schumer ...
IRS Issues FAQs on Educational Assistance Programs | JD Supra
JD Supra· 5 days agoThe IRS has issued a new fact sheet (FS-2024-22) to address frequently asked questions about educational assistance programs (EAPs), also known as Section ...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 5 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
Pennsylvania Property Tax And Rent Rebate Coming In July
Forbes· 1 day agoGovernor Josh Shapiro has announced that Pennsylvania will begin distributing $266 million in...
St. Louis to offer up to $500 to people behind on water bills
St. Louis Post-Dispatch· 6 days agoCity officials are looking to help delinquent water customers pay their bills. As the city again...