by Richard Gano | Sep 23, 2024 | Audit, Internal Revenue Service, Tax Collection
The IRS has made headlines recently with a monumental announcement: $1.3 billion has been recovered from high-income and high-wealth individuals, thanks to the Inflation Reduction Act (IRA). This significant enforcement success highlights a shifting landscape in tax... 
by David J. Warner | May 28, 2024 | Internal Revenue Service
Cannabis businesses that cultivate, distribute, or sell marijuana have long been subject to I.R.C. § 280E. Section 280E states that no deduction or credit is allowed for a business that “consists of trafficking in controlled substances (within the meaning of schedule... 
by David J. Warner | Apr 18, 2024 | Employment Tax, Internal Revenue Service
On April 26, 2024, 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: Withdrawing a Claim,... 
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 Michele Weiss | Nov 16, 2023 | Internal Revenue Service
On November 3, 2023, Michele Weiss, principal at Holtz, Slavett & Drabkin, APLC, will present on a panel entitled “Keeping up with the Credits: Employee Retention Credit.” The panel will present at the California Lawyers Association Annual Meeting of the Tax Bar...