Research Tax Credit — Elections Bring Relief On Amortization
The election results certainly bring a new day when it comes to taxes – especially for small and medium businesses.
Person of the Year: Daniel Werfel Steered Modernization Effort
The Senate confirmed IRS Commissioner Daniel Werfel about seven months after the agency received a massive infusion of funding from President Biden’s Inflation Reduction Act.
Mark Everson of alliant is tapped for his perspective on Trump’s pick for IRS Commissioner
President-elect Donald Trump has tapped former Missouri congressman Billy Long to lead the IRS, which has triggered mixed reactions from Washington and the tax community.
Our experts share insights on the IRS’s newly created office, its use of AI, and an update on ERC processing
IRS has recently announced several achievements, including the development of a new program office, while also acknowledging difficulties in areas such as the processing of coronavirus disease (“COVID”)-era tax credits.
IRS Denied Your Employee Retention Credit (ERC) Claim — Now What?
The IRS is moving forward with issuing tens of thousands of denial/disallowance letters to applicants of the Employee Retention Credit (ERC).
Inside How Private Placement Life Insurance Slips Through the Cracks
Private placement life insurance (PPLI) policies that push the boundaries of what is acceptable under IRS
As the IRS targets wealthy Americans for audits, here are red flags for everyday filers
The IRS is working on plans to avoid increased audits on taxpayers making less than $400,000 — but certain areas can invite scrutiny, regardless of income.
Tax Panels Face Personnel Changes Ahead Of TCJA Debate
The House and Senate tax-writing committees are both set to lose veteran lawmakers in the next Congress, changing the dynamic on the panels as they gear up for a major fight next year over the fate of the expiring provisions of the Tax Cuts and Jobs Act.
Darren Guillot Responds to IRS Issuing Tens of Thousands of Credit Disallowances
The Internal Revenue Service (IRS) has recently issued approximately 100,000 Letter 105C notices, denying Employee Retention Credit (ERC) claims. This move is the first salvo from the IRS in delivering…
The IRS audited my husband’s 2021 tax return and, yes, he made some mistakes. Now it wants two years to look at his 2022 tax return. Is this normal?
‘Must we agree to have this hanging over our heads that long?’ Dear Tax Guy, My husband owns his own business. The Internal Revenue Service audited his 2021 income-tax return. There were some small mistakes. The amount due was paid. However, he received notice at the end of 2023 that he was also being audited for 2022.