IRS Requests Feedback on Proposed Changes to Form 6765
The IRS is seeking feedback from stakeholders on proposed changes to Form 6765, Credit for Increasing Research Activities, also known as the …
Werfel Stops New Employee Retention Credit Processing Amid Surge of Questionable Claims
The IRS has announced an immediate moratorium on processing new Employee Retention Credit (ERC) claims through at least the end …
IRS Reminds Employers of Best Practices for Disaster Preparation
The IRS has released a reminder to taxpayers, ahead of the peak of the hurricane season, to have an emergency preparedness plan …
Federal Court Rules Overtime Exemption Met Despite Over 80% Nonexempt Work Performed
Debbie Tam The U.S. Court of Appeals for the Sixth Circuit recently ruled that a district director of operations qualified for …
FinCEN: Concerning Increase in Federal/State Payroll Tax Evasion
On August 15, 2023, the Financial Crimes Enforcement Network (FinCEN) announced the agency issued a notice to financial institutions regarding a concerning …
Draft Form for Qualified Small Business Payroll Tax Credit Released
The IRS has issued an August 7, 2023 draft version of Form 8974, Qualified Small Business Payroll Tax Credit for Increasing …
Hot on the Hill: Proposed Legislation as of August 3, 2023
Ingrid Chawla Several pieces of proposed legislation introduced in the 118th Congress’ first session could significantly alter the American payroll …
Recent IRS Webinar Highlights ERC Key Compliance Issues and Signs of ERC Fraud
Debbie Tam On July 25, the IRS presented a webinar on the Employee Retention Credit (ERC) to provide information regarding …
Trendspotting: State-Run Retirement Programs
Debbie Tam In 2023, three states (Nevada, Minnesota, and Vermont) passed legislation to implement a state-run retirement program. The tally currently stands …
IRS Anticipates E-Filing for Amended Employment Tax Returns in 2024
Debbie Tam The IRS has provided an anticipated timeline for providing an electronic filing option for amended employment tax returns …