IRS budget cuts not stopping ERC crackdown
Congress' move to shift $21.4 billion in funding away from the service as a condition for increasing the debt limit isn't deterring the tax agency from its plans.
Source: accountingtoday.com
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IRS delays in processing NOL refund claims costing taxpayers millions in interest
The Internal Revenue Service's backlog is having an impact in many areas, including the handling of noncorporate applications for refund claims on net operating losses.
Source: accountingtoday.com
IRS continued to delay business tax refunds from pandemic
The Internal Revenue Service has been slow in processing employer tax credits and tax refunds that businesses were supposed to receive.
Source: accountingtoday.com
IRS approving most NOL carryback claims with little vetting
The agency issued billions of dollars in tax refunds to companies claiming net operating losses for prior years after passage of the CARES Act, but did little to examine the claims.
Source: accountingtoday.com
IRS tested on restrictions against contacting represented taxpayers
Collection employees are mostly respecting the restrictions, but don't always understand their complexities.
Source: accountingtoday.com