Mary Wood was quoted in a Tax Notes article published January 17, 2024 written by Lauren Loricchio, titled “Tax Deal Would Bring ERC Claims to Earlier End and Curb Abuses.” Amidst the recent audits and compliance...
Taxpayer Advocate Says the IRS Processing of ERC Claims has Slowed to a Dribble
January 11, 2024
By Joel N. Crouch, Blog
Readers will recall that in response to growing concerns of the IRS, tax professionals and others regarding the number of fraudulent ERC claims, on September 14, 2023 the IRS announced a moratorium on processing ERC claims...
New IRS Voluntary Disclosure for Questionable ERC Refunds Gives Taxpayers 20% “Cut” of the Monies Received
December 22, 2023
Yesterday the IRS launched a new voluntary disclosure program that allows employers who received questionable Employee Retention Credit (ERC) refunds to keep 20% of the monies they received. Interested employers must apply to...
Firm Partner, Mary E. Wood was quoted in a Tax Notes article published today, December 22, 2023 titled “IRS Launches ERC Voluntary Disclosure Program.”
December 22, 2023
Firm Partner, Mary E. Wood was quoted in a Tax Notes article published today, December 22, 2023 written by Lauren Loricchio, titled “IRS Launches ERC Voluntary Disclosure Program.” Amidst...
Money Well Spent: IRS Expands Online Account Services for Businesses
December 19, 2023
Yesterday the IRS launched a new tool for businesses that expands online access to certain business tax account information. Available at IRS.gov/businessaccount, the new service is a key part of the agency’s continuing...