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ERC Updates: Handling The Flood Of Improper Claims
Forbes· 2 days agoWhen we last covered the employee retention credit back in August, it was as the credit was getting mainstream attention, and issues related to it were...
HILL TAX BRIEF: IRS’s Werfel Talks ERC Claims and Direct File
Bloomberg Law· 11 hours agoOver $400 million worth of employee retention tax credit claims have been withdrawn, IRS Commissioner Danny Werfel told a House panel Tuesday.
Taxpayers Withdraw $400 Million in ERC Claims, IRS Chief Says
Bloomberg Law· 1 day agoTaxpayers have withdrawn over $400 million worth of unpaid employee retention tax credit claims since the agency paused processing new claims in the fraud-plagued, pandemic-era ...
IRS Might Reopen ERC Voluntary Disclosure Program in Future
Bloomberg Law· 6 days agoThe Internal Revenue Service might reopen its employee retention credit voluntary disclosure program in the future, an agency official said May 2. The program, which stopped ...
Erroneous Covid Claims Reach $1 Billion in IRS Opt-In Program
Bloomberg Law· 4 days agoThe IRS has seen about $1 billion in incorrect employee retention credit claims just from its voluntary disclosure program alone as it continues to process applications in ...
Taxpayer Advocate Sees Rise in Requests for Covid Credit Help
Bloomberg Law· 5 days agoThe Taxpayer Advocate Service is seeing an uptick in taxpayers who want help with their employee retention credit claims, National Taxpayer Advocate Erin Collins said Friday ...
PRA Group's (PRAA) Shares Down Despite Q1 Earnings Beat
Zacks via Yahoo Finance· 6 hours agoPRA Group's (PRAA) first-quarter results benefit from improved collections from Brazil, Europe and...
2024 Retroactive ERTC/ERC Claims Assistance Service For Small Business Launched
Digital Journal· 2 days agoUnlike other forms of Covid-19 financial relief, the ERTC - introduced to support employers who retained their workforces during the pandemic - is a refundable tax credit, ...
Q1 2024 PRA Group Inc Earnings Call
Thomson Reuters StreetEvents via Yahoo Finance· 1 day agoPeter has more than 30 years of compliance, legal and operational risk leadership experience across multiple credit reporting and consumer banking enterprises. I'd now like ...
Pennsylvania Man Sentenced To Prison For Role In Multi-Million Dollar Pandemic Fraud Scheme
Forbes· 7 days agoA man from Harrisburg, Pennsylvania, was sentenced to more than four years in prison for his role in...