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Dentons Attorney Sues IRS for Employee Retention Credit Details
Bloomberg Law· 19 hours 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 < ...
IRS Covid-Era Employee Tax Credit Delays Snarl Deal Closings
Bloomberg Law· 1 day 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 ...
ERC Updates: Handling The Flood Of Improper Claims
Forbes· 3 days agoMary Wood of Meadows Collier discusses recent updates on the employee retention credit, from the IRS’s moratorium ...
IRS 2024 Dirty Dozen Highlights Major Tax Scams, Including Abusive Tax Schemes
The National Law Review· 1 day agoEach year, the Internal Revenue Service (IRS) releases a Dirty Dozen list highlighting twelve tax...
HILL TAX BRIEF: IRS’s Werfel Talks ERC Claims and Direct File
Bloomberg Law· 2 days agoOver $400 million worth of employee retention tax credit claims have been withdrawn, IRS Commissioner Danny Werfel told a House panel Tuesday.
Erroneous Covid Claims Reach $1 Billion in IRS Opt-In Program
Bloomberg Law· 6 days agoThe IRS has seen about $1 billion in incorrect employee retention credit claims just from its voluntary disclosure ...
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 3 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 29, 2024 – May 3, 2024. April...
Taxpayers Withdraw $400 Million in ERC Claims, IRS Chief Says
Bloomberg Law· 3 days agoTaxpayers have withdrawn over $400 million worth of unpaid employee retention tax credit claims since the agency paused processing new ...
2024 Retroactive ERTC/ERC Claims Assistance Service For Small Business Launched
Digital Journal· 4 days agoLP Consulting has a...school receive $175,000, and a presentation design agency claim $162,000 in tax credits. The team notes that the ERTC remains accessible even to businesses ...
Taxpayer Advocate Sees Rise in Requests for Covid Credit Help
Bloomberg Law· 7 days agoThe Taxpayer Advocate Service is seeing an uptick in taxpayers who want help with their employee retention credit claims, National Taxpayer ...