Last Friday, March 22, the IRS ERC Voluntary Disclosure program ended. So technically, there can be no more ERC Voluntary Disclosures. Interestingly the IRS announced that the program could potentially open at a later date....
For those procrastinating, or just discerning, taxpayers that are still considering the IRS’ disclosure program for employee retention credit (ERC) claims, the IRS released today seven potential red flags to help taxpayers...
Firm Partner, Mary Wood was quoted in a Tax Notes article published March 12, 2024, written by Lauren Loricchio, titled, “ERC Abuse Revives Debate Over Contingency Fees.” As concerns mount over abuse of the employee...
Deadline for ERC Voluntary Disclosure is Around the Corner
March 11, 2024
By Joel N. Crouch, Blog
Blog readers are well aware of the IRS continuing enforcement efforts regarding the Employer Retention Credit (ERC). One tool in that enforcement effort is the ERC voluntary disclosure program for employers who received...
Alert-Corporate Transparency Act: New Filing Obligations for Companies Formed or Registered Within the United States
March 8, 2024
Alert – Corporate Transparency Act: New Filing Obligations for Companies Formed or Registered Within the United States This summary provides important information regarding a new filing obligation imposed upon a broad...