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HILL TAX BRIEF: IRS’s Werfel Talks ERC Claims and Direct File
Bloomberg Law· 6 days agoOver $400 million worth of employee retention tax credit claims have been withdrawn, IRS Commissioner Danny Werfel told a House panel Tuesday.
Dentons Attorney Sues IRS for Employee Retention Credit Details
Bloomberg Law· 4 days agoDentons Sirote PC shareholder Michelle Levin sued the IRS to force it to disclose internal guidance for revenue agents examining returns that claim a Covid 19-related employee retention credit.
IRS Covid-Era Employee Tax Credit Delays Snarl Deal Closings
Bloomberg Law· 5 days agoDeals are being held up as businesses wait to hear from the IRS on the pandemic-era credit at the heart of the agency’s war against fraud. Many businesses that claimed the ...
U.S. budget deficit shrinks in first 7 months of fiscal year
Market Watch· 4 days agoFor the fiscal year to date, the deficit is $855 billion, or 8% less than the same period a year...
ERTC Claims For 2021 Wages, COVID Refund Application Deadlines Updated
Digital Journal· 5 days agoPRESS RELEASE Published May 8, 2024 AmpWire First launched in 2020, the ERTC or Employee Retention Tax Credit program has gone through ...
Taxpayers Withdraw $400 Million in ERC Claims, IRS Chief Says
Bloomberg Law· 7 days agoTaxpayers have withdrawn over $400 million worth of unpaid employee retention tax credit claims since the agency paused processing new ...
Child care tax credits, a top priority for Missouri governor, face uphill battle in the Senate
Missouri Independent via Yahoo News· 20 hours agoFor the second year in a row, the fate of a bill creating new child care tax credits — one of Gov....
IRS 2024 Dirty Dozen Highlights Major Tax Scams, Including Abusive Tax Schemes
The National Law Review· 5 days agoEach year, the Internal Revenue Service (IRS) releases a Dirty Dozen list highlighting twelve tax...
Around telework, a battle of belief versus evidence
The Hill· 17 hours agoTelework, once a necessity during the pandemic, now stands at the forefront of a political battle. Republican members of Congress are castigating...
Council Post: Unlocking Financial Freedom With Earned Wage Access
Forbes· 1 day agoThe angst around making ends meet should concern employers, too, as financial stress on employees...