October 9, 2024 02:06 PM
Masonry Cos. Demand $2.3M In Worker Credit RefundsExpert Analysis
Employers that filed potentially erroneous employee retention credit claims should take certain steps to determine whether the IRS’ voluntary disclosure program is a good fit and, if so, prepare a strong application before the window closes on March 22, say attorneys at Dentons.
The subjective nature of the pandemic-prompted employee retention credit, coupled with a lack of Internal Revenue Service guidance, have created fertile ground for opportunists, so businesses seeking this tax benefit should be mindful of tax advisers who would involve them in fraudulent ERC claims, say attorneys at Holland & Knight.
Congress should restore the home office deduction for W-2 workers in the interest of tax equity because permanently remote workers now bear the cost of creating quiet, dedicated work spaces, a pandemic-related shift unforeseen when the deduction was eliminated by 2017's Tax Cuts and Jobs Act, say James Mahon and Samantha Lesser at Becker.
October 3, 2024 01:43 PM
Ch. 7 Invalidates $4M Worker Retention Credit Suit, Gov't SaysOctober 2, 2024 06:29 PM
IRS Makes Progress On Retention Credit Fraud, TIGTA SaysSeptember 24, 2024 05:00 PM
Defunct Cannabis Co. Says It's Owed $1.4M In Worker CreditsSeptember 20, 2024 04:47 PM
NJ Resident Owes NY Tax For Remote Work During COVIDSeptember 18, 2024 05:45 PM
Jury Finds Eatery Owner Guilty Of COVID Fraud, Tax CrimesSeptember 18, 2024 01:58 PM
Staffing Co. Owed $5M In Worker Retention Credits, Suit SaysSeptember 13, 2024 04:17 PM
Mortgage Co. CEO Gets 11 Years In Prison For Ponzi ScamsSeptember 9, 2024 01:09 PM
Security Contractor Says It's Owed $3.6M In Worker CreditsAugust 20, 2024 07:11 PM
Mich. Man To Face Loan, Wire Fraud Charges Despite MistrialAugust 20, 2024 05:15 PM
Tax Prep Biz Falsified Credits, Caused $41M Loss, US SaysAugust 16, 2024 05:42 PM
Pa. Resident Owes NY Tax While Teleworking During COVIDAugust 15, 2024 02:33 PM
Ga. Man Accused Of Trying To Steal $1.9M In COVID FundsAugust 15, 2024 04:30 PM
IRS Reopens Improper Retention Credit Disclosure ProgramAugust 8, 2024 06:02 PM
IRS Targeting Up To $5B In Employee Retention Credit ClaimsAugust 8, 2024 04:25 PM
Cabinet Cos. Say They're Owed $1.35M In Retention CreditsAugust 1, 2024 03:27 PM
Mass. Panel Upholds Tax On NH Resident During PandemicJuly 31, 2024 03:26 PM
Judge Won't Undo IRS' Pause On Worker Retention CreditsJuly 29, 2024 02:51 PM
Co.'s $1.7M Penalty Bill Was Due To IRS Errors, Court ToldJuly 26, 2024 11:33 AM
Weekly Internal Revenue Bulletin