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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.