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IRS Offers Way Out For Businesses Worried About Employee Retention Credit Audits

October 23, 2023

The IRS announced Oct. 19 that it has officially created a special withdrawal process for businesses that have submitted an ERC application but have yet to receive any money. The goal is to offer small-business owners a way out if they now feel they had been tricked or pressured into filing a misleading or ineligible claim.

IRS Weighs Guidance For Small Business Tax Credit. ‘People Were Duped,’ Taxpayer Advocate Says

June 26, 2023

The IRS warned business owners about “third parties” promoting the employee retention credit in October and recently renewed its warning by adding the issue to its annual list of Dirty Dozen tax scams for 2023.

For Gig Workers and Business Owners, Taxes Are Even Trickier Now

March 22, 2021

Always complicated for freelancers and business owners, tax time this year is especially swampy. Pandemic relief programs that helped small companies and self-employed individuals created new tax challenges. CLICK ON THE HEADLINE FOR MORE

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2024 Tax Refund Schedule: When Will You Get Your Payments This Tax Season?March 4, 2024 - 8:48 pm
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Tag Archive for: employee retention credit

IRS Offers Way Out For Businesses Worried About Employee Retention Credit Audits

IRS Weighs Guidance For Small Business Tax Credit. ‘People Were Duped,’ Taxpayer Advocate Says

For Gig Workers and Business Owners, Taxes Are Even Trickier Now

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