by Igor Drabkin | Oct 19, 2023 | Audit, Criminal Tax, Employment Tax, Internal Revenue Service
Today, in an attempt to further deal with the Employee Retention Credit (ERC) refund scams, the IRS announced a new process for withdrawal of inappropriate ERC claims. This new withdrawal option allows certain employers that filed an ERC claim but have not yet... by Igor Drabkin | Jul 18, 2023 | Audit, Criminal Tax, Internal Revenue Service, Tax Collection
On July 14, 2023, the IRS issued a release, IR-2023-126, discussing the agency’s improvements in taxpayer service and modernization efforts. From the compliance enforcement standpoint, the IRS announced that it will continue to focus on high income, high net worth...
by Michele Weiss | Jun 23, 2023 | Audit, Firm News, Internal Revenue Service
Michele Weiss, principal at Holtz, Slavett & Drabkin, APLC, was quoted in a Tax Notes Today article, “Training Docs Suggest IRS Is Focused Only on Most Serious ERC Fraud.” Michele discussed the IRS training materials for the Employee Retention Credit (ERC). The...
by David J. Warner | Apr 24, 2023 | Audit, Employment Tax, Internal Revenue Service
On April 24, 2023, Shareholder David J. Warner and Principal Michele Weiss will provide their expertise on the IRS audits of the employee retention credit (ERC) in a Strafford webinar entitled “Preparing for Employee Retention Credit Audits: Claiming the ERC,...
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...
by David J. Warner | Nov 15, 2022 | Audit, Internal Revenue Service, Offshore Income
Holtz, Slavett & Drabkin tax attorneys, principals, and shareholders Igor S. Drabkin and David J. Warner will be co-presenting a Federal Bar Association webinar entitled “Types of IRS Tax Penalties and the Penalty Abatement Process: What attorneys should know” on...