Understanding the IRS’s Focus on Fraudulent Claims and the Withdrawal Program | Updates From IRS Seminar
In recent discussions, it's become clear that the government, particularly the IRS, is making significant efforts to crack down on fraudulent claims and preparers who break the rules. This initiative highlights the IRS's determination to maintain integrity and compliance in
ERC Eligibility | Trade or Business or Non-Profit
There's been a lot of confusion about eligibility for the Employer Retention Credit (ERC). The general belief is that everyone is eligible, but the reality is more complex. Two specific entities often overlooked are recovery startup businesses and non-profits.Recovery Startup
Mail Fraud and ERC Claims: What to Do if Your ERC Check is Stolen or Never Arrives
The Employee Retention Credit (ERC) has been a financial lifeline for many businesses during the pandemic, but unfortunately, it has also become a target for mail fraud. Clients are reporting that they have not received their ERC checks, or even
Your Options to Withdrawing the ERC | The Voluntary Disclosure Program and the Withdrawal Program
The IRS offers several programs designed to help businesses stay compliant with tax laws while mitigating potential penalties. Two such programs that businesses should be aware of, especially in relation to the Employee Retention Credit (ERC), are the Voluntary Disclosure
IRS Enforcement Efforts Recover Over $1 Billion Through ERC Review
In a significant milestone, the Internal Revenue Service (IRS) has successfully recovered over $1 billion through rigorous enforcement actions related to the Employee Retention Credit (ERC). This achievement underscores the agency's commitment to ensuring compliance and addressing fraudulent claims, highlighting