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.
During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied bogus claims, and some cases are criminal.
On January 22, 2025, the US Department of Justice (DOJ) announced the indictment of seven individuals in the largest Employee Retention Credit ...
The Employee Retention Credit (ERC) emerged as a pivotal support ... as the IRS prioritizes incoming tax returns. For those feeling frustrated by the extended wait times, patience is advised ...
The IRS’s use of automated filters to process requests for tax credits is a practical necessity given a “deluge” that ...
Form W-4 is called the Employee's Withholding ... You can use the IRS’s online Tax Withholding Estimator. Your second option is to use the Multiple Jobs Worksheet that's provided on page 3 ...
The deadline for federal workers to accept OPM's buyout offer was on Feb. 6, but terms of resignation are different for IRS workers during tax season.
President Trump’s return-to-office mandate could lead to an even worse brain drain, as experienced employees leave and those ...
The Earned Income Tax Credit (EITC) offers a refundable tax credit to low-income working individuals and families. Eligibility depends on income, filing status, and qualifying children ...
Thanks to the 2017 Tax Cuts and Jobs Act, the child tax credit is capped at $2,000 per eligible child – down from a maximum of $3,600 per child during the pandemic, but double that of tax year 2016.
The Child Tax Credit may decrease under Donald Trump's ... Trump approved paid parental leave for federal employees. While this policy was popular, it only applied to federal workers, leaving ...