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...
IRS Launches New Effort at High Income Non-Filers: Impacted Taxpayers Should Seek Representation
February 29, 2024
On February 29, 2024, the IRS announced a new effort to target high-income individuals. This time the IRS announced that they have opened 125,000 cases focusing on millionaires who have failed to file income tax returns. The...
The Most Important Elements of a Successful IRS Voluntary Disclosure? Timing and Luck.
February 27, 2024
By Joel N. Crouch, Blog
As in comedy, the most important element in an IRS voluntary disclosure is generally timing. However, a couple of U.S. Tax Court memorandum opinions in Whistleblower 14376-16W v. Commissioner, T.C. Memo...