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Background The ERC was initially enacted in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide eligible employers with a refundable tax credit against applicable employment taxes during qualifying periods between March 13, 2020, and December 31, 2021 (its availability in the […] Click here to view full […]

Background The ERC was initially enacted in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide eligible employers with a refundable tax credit against applicable employment taxes during qualifying periods between March 13, 2020, and December 31, 2021 (its availability in the […] Click here to view full […]

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The Internal Revenue Service said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running out to claim the money, with a May 17 deadline approaching for filing the necessary tax returns. Click here to view full article

The Internal Revenue Service said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running out to claim the money, with a May 17 deadline approaching for filing the necessary tax returns. Click here to view full article

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The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, “Return of Partnership Income,” and ways to avoid them. Click here to view full article

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, “Return of Partnership Income,” and ways to avoid them. Click here to view full article

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State and local taxes are arguably the most complex part of the tax system in the U.S., and for businesses that operate across state lines, they are especially relevant and difficult to navigate. Click here to view full article

State and local taxes are arguably the most complex part of the tax system in the U.S., and for businesses that operate across state lines, they are especially relevant and difficult to navigate. Click here to view full article

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The Internal Revenue Service’s Criminal Investigation unit issued a warning Tuesday about the use of “money mule networks,” criminals who exploit networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement. Click here to view full article

The Internal Revenue Service’s Criminal Investigation unit issued a warning Tuesday about the use of “money mule networks,” criminals who exploit networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement. Click here to view full article

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The Internal Revenue Service issued a notice Tuesday granting an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. Click here to view full article

The Internal Revenue Service issued a notice Tuesday granting an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. Click here to view full article