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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Tax Attorneys: Tax attorneys are lawyers who specialize in tax law. ERC IRS Audit Process 2.1 What Happens During an ERC Audit? How is the Audit Initiated?

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Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data

PYMNTS

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.

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Bitcoin Daily: SEC Halts BTGN Trading; Scammers Target Crypto Users On Microsoft Outlook

PYMNTS

Suspension, Taxes and a Breach. Securities and Exchange Commission (SEC) announced that it has temporarily suspended the trading of Bitcoin Generation shares (BTGN) from the Oklahoma-based cryptocurrency exchange.

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

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 length of state mini-COBRA eligibility varies from as little as 63 days in Oklahoma or up to 36 months in New York. in February.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

The Delaware franchise tax A franchise tax is a state charge on corporations to conduct business in their state. Other states that have a franchise tax include Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma.

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State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

The tax credit is referred to as a “relief rebate.” ” To receive the tax credit, a person must have been a resident individual for the 2020 tax year, must have timely filed a Delaware resident personal income tax return, and must be living as of the date the credit is issued.

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Last Week in Payroll: Localization of Work

ThomsonReuters

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.

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