article thumbnail

ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

audit 130
article thumbnail

What is an IRS CP14 notice? Options for balance due for unpaid taxes

MyIRSRelief

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is an IRS CP14 notice? Help options for balance due for unpaid taxes

MyIRSRelief

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

article thumbnail

Regulatory, Tax and SOX Compliance for Biopharmaceutical Company Expanding U.S. Presence

Cherry Bekaert

When a United Kingdom-based company moved its headquarters stateside, leadership partnered with Cherry Bekaert to assist with compliance and regulatory requirements, and for guidance on future audit preparation. Assessing the Situation The company moved their leadership and headquarters to North Carolina and needed a U.S.

article thumbnail

NYU School of Professional Studies 16th Annual Tax Controversy Forum To Take Place on June 27–28 in New York City

CPA Practice

On June 27–28, government representatives and expert tax practitioners gather for the 16 th Annual Tax Controversy Forum , organized by the NYU School of Professional Studies Division of Programs in Business , in New York City. Copeland, Judge, United States Tax Court Hans Famularo, Esq., Hubbert, Esq., Lothamer, Esq.,

article thumbnail

Tax Partner Matters More Than Firm on Business Taxes

CPA Practice

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. Wilde’s team analyzed more than 94,000 tax returns of U.S. The study found….

Tax 98
article thumbnail

Clean Energy and Climate Action Offer Tax Benefits

CPA Practice

One of the topics the minds of many tax and accounting professionals is the environment. In addition, tax incentives are a primary tool in the Act to encourage energy innovation. The Act: Extends and modifies the Production Tax Credit and Investment Tax Credit for renewable energy. By Diana Crawford, CPA.

Tax 115