Employee Retention Credit FAQs Updated by IRS
The Internal Revenue Service recently updated their Frequently Asked Questions about the Employee Retention Credit or ERC.
Office Football Pools and Taxes
As the date of the “Big Game” draws closer, the number of office and family block pools increases each year.
The Corporate Transparency Act (CTA)
Commencing on January 1, 2024, the federal Corporate Transparency Act (CT) may require many domestic and foreign entities with less than $5,000,000 of annual gross receipts and fewer than 20 employees to file an informational statement with the federal Financial Crimes Enforcement Network (FinCEN).
PPP Borrowers Take Notice By Brittany M. Besler, J.D., CPA, MBA
Increasingly, the Small Business Administration has been sending PPP loan borrowers “Final SBA Loan Review Decision” letters. Borrowers only have 30 days from the date they receive this letter to file an appeal with the SBA.
IRS Director comments on Employee Retention Tax Credit (ERTC) claims
The IRS is actively auditing and conducting criminal investigations relating to ERTC false claims.
Your Tax Filing Questions Answered
Listen to “Your Tax Filing Questions Answered”, a HerMoney Podcast with Jean Chatzky, to hear Robbin Caruso’s address questions such as “Do stimulus checks count as taxable income?”
IRS PROVIDING PENALTY RELIEF FOR MILLIONS.
By, Rachel Baldwin, EA
On August 24, 2022, the IRS announced (Notice 2022-36) that it will not impose late filing penalties for specific types of individual and business tax returns for taxable years 2019 and 2020 in an effort to alleviate its processing backlog and provide additional support to those affected by COVID-19.
By, Rachel Baldwin, EANaura Hill2022-08-25T18:13:03-04:00
IRS Tax Controversy Case Management Rules & Tools: Winning Strategies For Playing Chess With The IRS
Please join Sarah A. Fields, EA of Prager Metis, for this informative Zoominar with the Gloucester County Legal Education Association, where she will present “IRS Tax Controversy Case Management Rules and Tools: Winning Strategies for Playing Chess with the IRS” on May 4th, 4:00 pm.
Podcast – Being Smart About Tax Season
What if you owe money to the IRS? What happens if you get audited? What things are deductible? Click here to hear E. Martin Davidoff, Partner-in-Charge of the Prager Metis Tax Controversy Group, answer these and other questions in this “Can Do! Essential Business Lessons”
Selling Your Home Without Satisfying an IRS Tax Lien
Alison Gadoua, Prager Metis Tax Controversy Specialist, discusses “Selling Your Home Without Satisfying an IRS Tax Lien”, providing insight on how to obtain a lien discharge, how to appeal a discharge denial, and what to do if you need help.
Marty Bloomberg Tax Tips
E. Martin Davidoff, Partner-in-Charge, National Tax Controversy, was recently featured in Bloomberg Tax. His article, "Tax Tip: Make Estimated and Other Tax Payments Electronically", addresses the importance of making Federal electronic payments electronically.
Webinar: December Federal Tax Practice Study Group
Don't miss E. Martin Davidoff, Partner-in-Charge, National Tax Controversy, and Alison Gadoua, Tax Controversy Specialist, as they facilitate this special study group webinar on December 2, 2021. Sponsored by the AAA-CPA, this study group will exchange ideas for a roundtable discussion of tax practice before the IRS.
The Three-Martini Lunch
The term “Three-Martini Lunch” was coined in the U.S. during the 1960’s and 1970’s when NYC executives would gather and claim that these libations made them more creative.
Owe Back Taxes? Recent IRS Announcements May Make It Easier For You to Catch Up
“We want to earn the trust and respect of every American.” It may surprise some to know that those words came from Congressional testimony given in the past month by IRS Commissioner Charles P. Rettig. But Rettig, himself a seasoned tax