Jul 26, 2024 Beware: More ERC Denial Letters in the Pipeline By Barclay Taylor Employee Retention Credits (ERCs) are critical for many ongoing businesses. Many businesses are still waiting on the IRS to pay out the...
Mar 13, 2024 ERC Voluntary Disclosure Program Deadline is Approaching By Barclay Taylor William Stone III OVERVIEW Thousands of businesses struggling to stay afloat during the COVID-19 pandemic filed employee retention credit (ERC) claims in...
Dec 07, 2023 Employee Retention Credit Audits Heating Up By Barclay Taylor William Stone III After months of talk, the IRS now appears to be taking action on Employee Retention Credit (ERC) audits. The IRS is about to send the...
Nov 21, 2023 ERC Claims Can Still be Submitted During the Moratorium By Barclay Taylor The Employee Retention Credit ("ERC") was a critical lifeline for many businesses during the Covid-19 pandemic. After the IRS's September...
Oct 27, 2023 IRS Pursuing Businesses That Claimed ERCs, As Well As Their Advisors By Barclay Taylor In an effort to keep businesses afloat during the COVID-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security...
Sep 11, 2023 IRS to use AI to Scrutinize Large Partnerships By Lili Martin-Mashburn On Friday, the IRS announced its plans to begin auditing some of the wealthiest individuals and, with the help of AI, certain complex,...
Aug 09, 2023 QO Funds to Form 8996: "I Forgot That You Existed." Shake It Off with a Private Letter Ruling! By Lili Martin-Mashburn For the past several years, qualified opportunity funds (QO Funds) have been the go-to investment vehicle for investors seeking...