All posts by Max Shenker
New information on the IRS ERC backlog of unprocessed claims is important for employers to be aware of if they have already or plan to file for the ERC.
President Biden's 2024 budget proposing giving the IRS more time to audit ERC claims, possibly reducing ERC payments by $2 million in fiscal year 2024.
President Biden and the IRS are targeting COVID-relief and ERC fraud. A new IRS warning specifically calls out bad actors pushing ineligible people to file.
Daniel Werfel, nominated to be the new IRS Commissioner, responded to these questions from Senators regarding delays to ERC refunds.
The IRS has increased estimates for new Forms 941-X, but even this might be outstripped by the actual number of new ERC claims they are receiving.
California Governor Gavin Newsom included modifications to the New Employment Credit (NEC) in his latest budget. Learn what these changes are.
The IRS is warning employers against ERC fraud. The following examples of fraudulent practices have resulted in fines and/or convictions.
Another update on the IRS ERC claims backlog and how many new forms the agency is receiving which could affect the delivery of returns.
The IRS recently announced changes to WOTC, but in reality the announcement reinforced rules which were introduced when WOTC was first created.
Understanding the correct filing deadline to apply for the ERC is essential for compliance and accurately qualifying for the tax credit.
New updates for employer tax credit programs include directions on improperly forgiven PPP loans, a push for extending the ERC and new WOTC guidance.
The ERC is based on a percentage of qualified wages but can vary depending on the determination of classifying as a large or small eligible employer.
The Treasury Inspector General for Tax Administration has issued a new report on IRS ERC refund processing delays affecting employers.
The Inflation Reduction Act has implications for tax credits. Here's how it affects WOTC, Empowerment Zone credits, ERC and more.