by Richard Gano | Mar 6, 2024 | Employment Tax, Internal Revenue Service
The Employee Retention Credit (ERC) is a valuable tax incentive that was designed to encourage businesses to retain their employees during challenging economic times during the COVID-19 pandemic. Initially established under the CARES Act and subsequently extended... by Richard Gano | Feb 1, 2024 | Firm News
Richard Gano, tax attorney at Holtz, Slavett & Drabkin, was quoted in a Sourcing Journal article on the tax liens filed against Yeezy Apparel LLC, owned by Ye. The liens were filed by California’s Employment Development Department (EDD). Taxing authorities such... by Richard Gano | Mar 28, 2023 | Internal Revenue Service
The Internal Revenue Service (IRS) continues its focus on digital assets (including virtual currency) and whether taxpayers are compliant with all rules related to cryptocurrencies. The latest target for the IRS is donations of cryptocurrencies to charities. Recent... by Richard Gano | Mar 20, 2023 | Firm News, Uncategorized
Richard Gano, tax attorney for Holtz, Slavett & Drabkin, will be a panelist on an event sponsored by the Young Tax Lawyers Committee of the California Lawyers Association. This panel is for current law students interested in tax law and will discuss the different... by Richard Gano | Nov 16, 2022 | Audit, Employment Tax, Internal Revenue Service
One of the several COVID relief provisions Congress enacted is the Employee Retention Credit (“ERC”). See I.R.C. § 3134. The ERC was enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act). The ERC is a refundable tax credit...