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Employee Retention Credit
IRS Warns of Looming Deadline to Correct Improper Tax Credit Claims or Face Penalties
The IRS has warned of a fast-approaching deadline to apply for a disclosure program for wrongly claimed tax credits to avoid penalties and interest.
March 16, 2024
BY
Tom Ozimek
IRS Warns of Looming Deadline to Disclose Wrongly Received Tax Credits or Face Penalties
The IRS has issued an alert to taxpayers who erroneously claimed a pandemic-era tax credit and face a ...
January 26, 2024
BY
Tom Ozimek
IRS Lets Taxpayers Who Wrongly Claimed Pandemic-Era Tax Credit Keep 20 Percent and No Penalty
The IRS has launched a new program that lets taxpayers pay back only 80 percent of wrongly claimed ...
December 21, 2023
BY
Tom Ozimek
IRS Warns Taxpayers to Brace for Demands to Return Funds Wrongly Received for Pandemic-Era Relief
The IRS sent over 20,000 letters telling taxpayers their claims for a pandemic-era tax break were disallowed—and that ...
December 6, 2023
BY
Tom Ozimek
IRS Warns Taxpayers of Penalties Over Questionable Pandemic-era Tax Credits
The IRS warns taxpayers they may have been duped into filing improper pandemic-era tax credits and may face ...
October 19, 2023
BY
Tom Ozimek
IRS Halts Pandemic-Era Small-Business Tax Break Following ‘Flood’ of Potential Fraud Claims
The agency believes over $2.8 billion in claims under investigation could potentially be fraudulent and advises businesses to ...
September 15, 2023
BY
Naveen Athrappully
TOP NEWS
Senate to Add Iran to Russia Sanctions Bill
NEW
By
Timothy Frudd
What to Know About Troy Jackson, Democrats’ Likely Pick to Take on Sen. Susan Collins in Maine
NEW
By
Joseph Lord
What to Know About Iran’s Pickaxe Mountain and Possible US Efforts to Attack It
2hr
By
Ryan Morgan
Trump to Impose New Tariffs on 60 Countries
2hr
By
Joseph Lord
Thousands Rally at Lincoln Memorial Calling for End to Persecution of Falun Gong
3hr
By
Eva Fu
and
Nicholas Zifcak
Trump Expands Plan to Keep AI Data Centers From Increasing Household Energy Bills
3hr
By
Jacob Burg
Justice Department Withdraws Subpoenas of New York Times Journalists
3hr
By
Timothy Frudd
Michigan Hit Hardest by Cyclospora Outbreak
3hr
By
Tom Gantert
Man Gets Life for Killing Minnesota Lawmaker and Her Husband
4hr
By
Stacy Robinson
Trump Says He’s Weighing ‘Massive Attack’ on Iran
4hr
By
Jack Phillips