The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ...
The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30). The revised VDP, ...
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The Internal Revenue Service announced Thursday it plans to mail up to 30,000 letters to reverse potentially more than $1 billion in incorrect Employee Retention Credit claims. It is sending the ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
The Internal Revenue Service is reminding tax professionals and employers that its second Employee Retention Credit Voluntary Disclosure Program ends Nov. 22. The ...
The Internal Revenue Service (IRS) has recently launched an initiative known as the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP). This program is a pivotal measure for businesses ...
The IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands ...
WASHINGTON, DC - APRIL 15: The Internal Revenue Service (IRS) building stands on April 15, 2019 in Washington, DC. April 15 is the deadline in the United States for residents to file their income tax ...
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