MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

audit 130

audit North Carolina Oklahoma Ohio 130

ThomsonReuters

APRIL 9, 2021

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. The credit will be against the employer’s share of Medicare tax. in February.

Hawaii 98

Hawaii payroll tax South Dakota payroll 98

PYMNTS

SEPTEMBER 23, 2019

In another example of decidedly low-tech fraud, in Oklahoma, a woman recently sentenced to prison stole $400,000 from her employer through signed paper checks. She also submitted a false tax return in 2016, omitting those funds as income. The company raised about $9.6

Oklahoma 49

Oklahoma Kentucky Florida Maryland 49

ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

payroll 98

payroll Missouri Virginia Delaware 98

inDinero Tax Tips

APRIL 20, 2021

A franchise tax is a charge by states on corporations to conduct business in their state. Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. The amount of franchise tax and how each state calculates the tax varies.

Delaware 64

Delaware Wyoming Nevada Oregon 64