Page 13 - Disclosure Program News Today

Congress enacted the Employee Retention Credit (“ERC”) during the COVID-19 pandemic to help employers retain their workforce and stay current on payroll despite economic difficulties...

On December 21, 2023, the IRS announced the Voluntary Disclosure Program, its latest step to protect the integrity of ERC and safeguard the funds allocated for economic relief during the pandemic.

Taxpayers who filed for the ERC may face a March 22nd Deadline on applying for the IRS Voluntary Disclosure Program. Taxpayers need to ensure they qualify for the ERC.

This CLE will provide an overview of the Pandemic-Era Employee Retention Tax Credit (ERC). Attendees will gain an understanding of what the ERC is, why it was established as a refundable credit, and issues facing the Internal Revenue Service (IRS) and businesses that have claimed and continue to claim the ERC.

Here’s one of the most frequent questions people ask me about  Foreign Bank Account Reports (FBARs).‘‘I recently learned about the need to file an FBAR for overseas accounts with over $10,000. I am eligible but I haven’t filed because I was unaware of this requirement. Can ignorance be a valid

During the COVID quarantine, congress enacted the Employee Retention Tax Credit (“ERTC”). The purpose of the credit was to provide funds for employers whose business activity was...

Contributor Content. The Internal Revenue Service (IRS) is offering a unique opportunity for certain employers who have incorrectly claimed funds under the Employee Retention Credit (ERC).

By maintaining a robust compliance program, healthcare companies are better able to identify potential red flags early and to prevent violations of…

The House Ways and Means Committee recently advanced a bill that gives businesses a proposed deadline of January 31, 2024 to file Employee Retention Credit (ERC) claims. This comes on...

By maintaining a robust compliance program, healthcare companies are better able to identify potential red flags early and to prevent violations of fraud and abuse laws. A failure to...