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Our latest edition of Tax Breaks. A ruling on the Corporate Transparency Acts stirs things up, reporting for gifts and inheritances, tax filing season updates and more.
In tax circles, considerable attention has been focused on employers' claims for entitlement to the Employee Retention Credit ("ERC"), sometimes...
Between the entertaining videos and the confident delivery from self-described experts, finding advice on TikTok is both easy and potentially risky, experts say.
IRS warns of signs your ERC claim may be incorrect. Make sure to review and correct it before the March 22 deadline to avoid penalties.
Due to a surge in fraudulent submissions, the IRS halted the processing of new ERC claims and initiated a broader compliance effort in collaboration with the Justice Department. Read more.