ATTORNEY S OFFICE FOR THE MIDDLE DISTRICT OF PENNSYLVANIA: U S Attorney And IRS Warn Potential Tax Cheats To Timely File Accurate And Complete Tax Returns pennrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pennrecord.com Daily Mail and Mail on Sunday newspapers.
April 16, 2021 On April 14, 2021, the Federal Grand Jury in the District of Puerto Rico returned a seven-count indictment charging Jose A. Pabón-Sanabria of Caguas, Puerto Rico, with willfully attempting to evade and defeat the payment of a substantial portion of the employment taxes due to the federal government in violation of 26 U.S.C. § 7201, announced W. Stephen Muldrow, U.S. Attorney for the District of Puerto Rico. This case was investigated by the Internal Revenue Service-Criminal Investigation (IRS-CI).
On Tuesday, the IRS published
Notice 2021-24, which provides penalty relief for an employer’s failure to timely deposit Employment Taxes[1] related to the American Rescue Plan Act’s (ARPA)
COBRA subsidy credits. The Notice includes instructions to employers on how to apply COBRA Credits in conjunction with the paid sick and family leave credits originally enacted in the families First Coronavirus Response Act (FFCRA) and the employee retention credits originally enacted in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Penalty Relief
Section 6656 of the Internal Revenue Code imposes penalties on employers who fail to timely deposit Employment Taxes. In March 2020 the IRS issued Notice 2020-22, which provided relief from Section 6656 penalties for employers entitled to the refundable tax credits provided under the FFCRA and CARES Act (FFCRA Credits and CARES Credits, respectively). Notice 2021-24 extends that relief to employers entitled to tax credits u
The $15 federal minimum wage increase proposed by Democrats will lead to higher child care costs for many families as child care providers pass on the costs of higher wages to parents, according to an analysis from the conservative-leaning Heritage Foundation.