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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
The $1.25 Trillion Credit Card Bill—What to Know
NEW
By
Andrew Moran
Remote Jobs Linked to Wider Unemployment Gap for Young Workers: New York Fed
1hr
By
Bill Pan
Judge Blocks Trump’s $100,000 Fee for H-1B Visas
2hr
By
Zachary Stieber
UN Nuclear Watchdog Calls on Iran to Engage, Allow Inspections
2hr
By
Jack Phillips
DOJ Asks Courts to Strip 17 Criminals of US Citizenship
3hr
By
Zachary Stieber
Starmer Calls for Controls to Stop Children Viewing, Sending, Taking Nude Images
3hr
By
Guy Birchall
EU Imposes New Sanctions on Iran Over Strait of Hormuz Restrictions
4hr
By
Jack Phillips
France Probes Judicial System Failures After Murder of Schoolgirl
5hr
By
Chris Summers
USDA Confirms More Cases of Flesh-Eating New World Screwworm in Texas
5hr
By
Jack Phillips
Iran Halts Strikes on Israel but Warns of Renewed Attacks in Lebanon
6hr
By
Tom Ozimek