The IRS notified workers essential to the 2025 tax filing season they must work until May 15 even if they accepted the Trump ...
The taketh part of the bill is the proposed early cut-off of filing for the Employee Retention Credit (ERC). ERC claims must have been filed by January 31, 2024 (if the bill as currently drafted ...
The Employee Retention Credit (ERC) emerged as a pivotal support mechanism for businesses during the COVID-19 pandemic, offering financial relief to those who retained employees amidst economic ...
The Employee Retention Tax Credit (ERC or ERTC) has been in the news. The IRS continues to warn taxpayers about ERC refund scams and ramped up enforcement to root out false claims for the pandemic ...
Under the Coronavirus Aid, Relief, and Economic Security Act, eligible employers who maintained their payroll could qualify for a refundable credit known as the Employee Retention Credit.
and here is one of those samples… Beware of your business taking false employee retention tax credits (ERTC). Congress enacted this COVID-19-related payroll tax credit for eligible businesses ...
On January 22, 2025, the US Department of Justice (DOJ) announced the indictment of seven individuals in the largest Employee Retention Credit ...
The National Taxpayer Advocate report detailed problems, including nearly 1.2 million employee retention credit claims that remained unprocessed.
A human resources company’s claim for an unprocessed pandemic-era tax credit can’t be considered at a hearing to address a separate tax liability, the US Tax Court said Thursday.
For 2021 this credit can equal up to $14,000 for each eligible employee. CLA also provides a service on handling all of the paperwork involved in dealing with the ERC. If this is something you may ...
This is good news. The mostly bad news is that owners of their corporations and their spouses will not qualify for the credit in almost all situations. The only situation where you would qualify ...