Kiplinger1y
Claiming the Employee Retention Tax Credit is an IRS Audit Red Flag: Kiplinger Tax Letter
and here is one of those samples… Beware of your business taking false employee retention tax credits (ERTC). Congress enacted this COVID-19-related payroll tax credit for eligible businesses ...
Forbes12mon
Employee Retention Credit - Taxpayers And The March 22nd Deadline
expensing – which means businesses should be looking hard at the R&D tax credit. The taketh part of the bill is the proposed early cut-off of filing for the Employee Retention Credit (ERC).
Kiplinger1y
Problems With Claiming the Employee Retention Credit (ERC)
The Employee Retention Tax Credit (ERC or ERTC) has been in the news. The IRS continues to warn taxpayers about ERC refund scams and ramped up enforcement to root out false claims for the pandemic ...
Forbes1y
Employee Retention Credit Schemes Are Symptoms Of A Dysfunctional Tax System
In a May 2021 article in Think Outside The Tax Box, I referred to the Employee Retention Credit as the ugly stepchild of the 2020 CARES Act. The reason was that the Paycheck Protection Program was ...
Hosted on MSN24d
Employee Retention Credit: What businesses need to know
The Employee Retention Credit (ERC) emerged as a pivotal support ... as the IRS prioritizes incoming tax returns. For those feeling frustrated by the extended wait times, patience is advised ...
Bipartisan push to repeal the Employee Retention Tax Credit
(The Center Square) – Arizona Congressional District One Congressman David Schweikert introduced the Employee Retention Tax ...
Firm Can't Bring Employee Retention Credit Claim to Tax Dispute
A human resources company’s claim for an unprocessed pandemic-era tax credit can’t be considered at a hearing to address a separate tax liability, the US Tax Court said Thursday.
Case: Proposed Levy Action for Unpaid Employment Taxes Properly Sustained (T.C. Memo) (IRC §6330)
The IRS did not abuse its discretion in sustaining a proposed levy action for unpaid employment taxes, the U.S. Tax Court held, granting the IRS’s motion for judgment on the ...
AgWeb3y
The IRS Finally Issues Additional Guidance on Employee Retention Credit
These rules are outlined on pages 25-31. It is likely that many of you may have already filed amended payroll tax returns for 2020 to claim the credit for these wages. If so, you will likely be ...
FOX13 Memphis12d
Woman sentenced to over 4 years for COVID mail fraud
A Holly Springs woman was sentenced to fifty-two months in prison for mail fraud Thursday. 48-year-old Lakisha Pearson was ...
JD Supra12d
DOJ Announces Largest Employee Retention Credit Fraud Indictment
On January 22, 2025, the US Department of Justice (DOJ) announced the indictment of seven individuals in the largest Employee Retention Credit ...
Former nonprofit exec to be sentenced for pocketing over $500k
The former Finance Director of a nonprofit organization is set to be sentenced in court on Tuesday.Ashley Clark Ingram will ...