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...
Category: Blog
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...
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...
Another Shot Across the ERC Bow by the IRS
February 23, 2024
By Joel N. Crouch, Blog
One of my ERC friends sent me the IRS letter below that was received by one of his ERC clients about their ERC filing. The letter, Notice CP271, says there has been aggressive advertising involving ERC and the employer should...