Page 2 - Voluntary Disclosure Program News Today

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...

IRS has renewed focus on ERC refund claims that do not qualify and may be fraudulent. IRS Criminal Agents will begin seminars for tax professionals how to spot problems.

If enacted, the proposed legislation would terminate the Employee Retention Credit ("ERC") effective January 31, 2024.

The Employee Retention Credit is a legitimate pandemic-era credit designed to encourage businesses affected by the pandemic to avoid laying off…

Did you claim the Employee Retention Credit (ERC) that has been in the news so much? The IRS has cracked down hard, and now even has a way for employers to step forward and pay back amounts...

On December 21, 2023, the Internal Revenue Service ("IRS") announced (IR-2023-247) a voluntary disclosure program ("VDP") for employers that received questionable employee retention tax credits ("ERTC").

The Employee Retention Tax Credit (“ERTC”), under the CARES Act, is a refundable tax credit filed against a company’s payroll taxes. The ERTC was enacted to incentivize employers to...

As we previously have discussed, the IRS has for months been working to combat dubious Employee Retention Credit (ERC) claims, many of which were made at the urging of aggressive...