The complexities of the Research and Development (R&D) Tax Credit present both opportunities and risks for businesses seeking to spur innovation. Originally introduced in the Economic Recovery Tax Act ...

The agency also lists common warning signs that you may be dealing with “unscrupulous promoters” of the employee retention tax credit. Overall, to avoid potential tax penalties and legal repercussions ...

Forbes contributors publish independent expert analyses and insights. I write about tax policy and how it affects business. Congress giveth and Congress taketh. Congress (and especially the Senate) ...

The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down. By Alan Rappeport Alan Rappeport covers the Treasury Department and has been tracking how ...

The IRS said Thursday that it will begin processing a backlog of claims for the Employee Retention Credit, a step forward for a program that was supposed to help businesses survive the coronavirus ...

March 19, 2024 - Over the last few months, several important developments occurred which highlighted the Internal Revenue Service's prioritized goal of cracking down on improper Employee Retention ...

In the years since COVID-19 shut down the country, many businesses applied for the Congressionally-authorized Employee Retention Credit (ERC), a valuable relief program created during the pandemic to ...

The IRS recently released new FAQ guidance providing a simplified procedure for addressing income tax amendments and refund claims related to Employee Retention Credit (ERC) determinations. See IRS ...

Small businesses still vying for pandemic-era employee retention credits they haven’t received could have another course of action to nab their money sooner. A provision in the tax code allows ...

A promise made is a promise kept; unless it’s the Employee Retention Tax Credit. The federal government made a promise to small businesses four years ago: Keep your employees on payroll during a ...

If your claim for the Employee Retention Tax Credit (ERTC) is still pending, the Trump administration’s newly enacted tax cuts and spending legislation contains some provisions that may impact you.