IRS Earns Praise for ERC Claim Withdrawal Initiative
An IRS initiative that will allow businesses to withdraw questionable employee retention credit claims is being hailed as a positive development that could help taxpayers and the IRS alike.
ERC — IRS Withdrawal Process — What Should Business Owners Do?
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS has been taking a hard eye at ERC filings given
IRS offers process for withdrawing bogus ERC claims
The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they’ve fallen victim to a scam at the hands of so-called “ERC mills” that aggressively promote the credit to businesses.
IRS uses IRA funds to bridge tax gap
The Internal Revenue Service is trying to leverage the extra billions in funding from last year’s Inflation Reduction Act to narrow the ever-increasing gap between taxes due and taxes collected, but has spent surprisingly little of the money so far.
Making a Difference: UNCF Kickoff Reception
Home / Making a Difference: UNCF Kickoff Reception Making a Difference: UNCF Kickoff Reception October 9, 2023July 30, 2024 Community alliantgroup recently hosting the United Negro College Fund (UNCF)–…
The IRS is going after scammy firms pushing a small business tax credit
Pop-up companies aggressively pushing a small business tax credit may soon be in hot water with the IRS.
Businesses may still qualify for ERC despite IRS delay
The IRS recently delayed processing new claims on a COVID-era payroll tax credit because of fraud. Still, businesses might qualify for the credit depending on how the pandemic affected them.
alliantgroup Welcomes Former IRS Deputy Commissioner of Small Business, Darren Guillot, as National Director
HOUSTON, TX – (October 3, 2023) – alliantgroup, America’s premier consulting and management engineering firm, is thrilled to add another former acting IRS Division Commissioner, Darren Guillot, as a resource…
The Employee Retention Credit: The Best Tax Break For Small Businesses And Charities
Unfortunately, the actual number of SMBs and charities taking advantage fell far below that due to
misinformed business owners lacking a full understanding of the credit and its qualifications.
IRS Moratorium on ERC – All You Need to Know
Contrary to headlines making rounds in the past weeks – ERC has NOT been eliminated. The IRS moratorium is for ‘processing new claims’ for this quarter, i.e., until 31st December 2023.