Focus
Employee Retention Credit
IRS Warns of Looming Deadline to Correct Improper Tax Credit Claims or Face Penalties
The IRS has warned of a fast-approaching deadline to apply for a disclosure program for wrongly claimed tax credits to avoid penalties and interest.
IRS Warns of Looming Deadline to Disclose Wrongly Received Tax Credits or Face Penalties
The IRS has issued an alert to taxpayers who erroneously claimed a pandemic-era tax credit and face a fast-approaching deadline to take steps to avoid penalties
IRS Lets Taxpayers Who Wrongly Claimed Pandemic-Era Tax Credit Keep 20 Percent and No Penalty
The IRS has launched a new program that lets taxpayers pay back only 80 percent of wrongly claimed pandemic-era ERC tax credits.
IRS Warns Taxpayers to Brace for Demands to Return Funds Wrongly Received for Pandemic-Era Relief
The IRS sent over 20,000 letters telling taxpayers their claims for a pandemic-era tax break were disallowed—and that the agency will be demanding repayment.
IRS Warns Taxpayers of Penalties Over Questionable Pandemic-era Tax Credits
The IRS warns taxpayers they may have been duped into filing improper pandemic-era tax credits and may face punishment, but a new tool can help avoid penalties.
IRS Halts Pandemic-Era Small-Business Tax Break Following ‘Flood’ of Potential Fraud Claims
The agency believes over $2.8 billion in claims under investigation could potentially be fraudulent and advises businesses to pause filing.
