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....
Category: Blog
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...
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...