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Weekly IRS Roundup December 18 – December 22, 2023 | McDermott Will & Emery - Vimarsana News

Weekly IRS Roundup December 18 – December 22, 2023 | McDermott Will & Emery

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 18, 2023 – December 22, 2023.

IRS Announces New Program for Questionable Employee Retention Credits - Vimarsana News

IRS Announces New Program for Questionable Employee Retention Credits

IRS launches a new program for businesses to correct ERC claims with an 80% repayment option. Make sure you apply by March 22, 2024.

IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims - Vimarsana News

IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims

The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and…

Source: biztoc.com
IRS Launches Program for Businesses to Repay ERC Claims - Vimarsana News

IRS Launches Program for Businesses to Repay ERC Claims

The IRS has launched a new program that aims to assist businesses that mistakenly filed ERC claims and want to repay the funds they received in error.

Source: pymnts.com
New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers… - Vimarsana News

New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers…

IR-2023-247, Dec. 21, 2023 WASHINGTON — As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal…

Source: biztoc.com