IRS Announces Special Program for Withdrawal of Ineligible Employee Retention Credits (ERC)
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...IRS Extends Deadlines for California Residents to November 16
Today, October 16, 2023, the IRS issued an announcement, further postponing tax deadlines for most California taxpayers to November 16, 2023. Because of the last winter’s natural disasters, the normal April 15 due dates had previously been postponed to October...IRS Enforcement Focuses on High Income Taxpayers, Puerto Rico Scheme and Malta Pension Arrangements
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...Non-Payment of Payroll Taxes Can Lead to Serious Legal Problems
Civil and criminal employment tax enforcement is one of the top priorities for the IRS and the Department of Justice.