IRS Pauses Employee Retention Credit Processing
Understanding the Halt and its Impact Amidst a Wave of Suspicious Claims Attention, business owners and tax professionals! In light of recent events, you’ll want to be in the know about the latest IRS move. The Internal Revenue Service (IRS) has put a temporary halt ...
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Navigating PEOs, ERC Refunds, and IRS Liabilities
Are you working with a Professional Employer Organization (PEO) that has an outstanding IRS liability? If so, you may face challenges in receiving the Employee Retention Credits (ERCs) that you are entitled to. Recent Development from the IRS On May 12, 2023, the IRS released ...
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IRS ISSUES GUIDANCE ON JULY 15 TAX DEADLINE
As a result of the COVID-19 Pandemic, the treasury is moving Tax Day from April 15, 2020 to July 15, 2020. The IRS just released Notice 2020-18 providing additional details of this postponement, which: 1) Automatically postpones the due date for affected taxpayers with returns ...
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