IRS issues detailed reminder regarding reporting large cash transactions
IR 2021-47, 2/26/2021; Fact Sheet 2021-3 In a News Release and Fact Sheet, IRS has reminded businesses of their responsibility to file Form […]
Category: News
House Ways and Means leadership alarmed by new identity theft scheme
The chairman and ranking member of the House Ways and Means Committee on Feb. 22 wrote to IRS Commissioner Charles Rettig about […]
IRS warning about corporate domestic production activities deduction refund claims
In a News Release, IRS has said that it has received a wave of questionable amended returns and claims for tax benefits […]
Employee retention credit guidance includes rules for PPP borrowers
Notice 2021-20, 2021-11; IR 2021-48, 3/1/2021 Not. 2021-20 IR-2021-48 In a Notice and accompanying News Release, IRS has issued guidance for employers claiming […]
House passes COVID-19 relief package
American Rescue Plan Act of 2021, as approved by the House Budget Committee House amendments to American Rescue Plan Act The House […]
News Alert IRS Scam
Be Aware of IRS Phone Call Scams I wanted to update you all on a scam going on as we speak. Apparently, […]