Found 15 Matching Items; Displaying 11 - 15.
IRS reopens Voluntary Disclosure Program to help businesses with problematic Employee Retention Credit claims; sending up to 30,000 letters to address more than $1 billion in errant claims
IR-2024-212, Aug. 15, 2024 —The Internal Revenue Service announced today a limited time reopening of the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit claims as the agency continues compliance work.
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IRS Employee Retention Credit compliance effort tops $1 billion threshold since fall; Voluntary Disclosure Program suspended after March 22, special withdrawal program remains open as audits, investigations intensify
IR-2024-78, March 22, 2024 — The Internal Revenue Service announced today that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion so far since last fall as work continues on a number of efforts to counter questionable claims pushed by aggressive marketing, including an aggressive push on claims made for 2021.
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IRS highlights International Fraud Awareness Week; taxpayers urged to protect against scams, schemes
IR-2023-212, Nov. 13, 2023 — As part of ongoing efforts to protect taxpayers, the Internal Revenue Service reminds people that International Fraud Awareness Week serves as an important time to protect personal and financial information from scam artists and tax schemes.
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Inflation Reduction Act 2-year report card: IRS continues to improve service, modernize online tools, pursue complex taxpayer arrangements used to evade taxes
IR-2024-223, Aug. 23, 2024 — The IRS has made significant progress on a range of improvements, including that all taxpayers can do all of their interactions with the IRS digitally if they choose, making it possible for the IRS to uncover and address tax evasion shrouded in complexity that requires subject matter expertise and data science.
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National Taxpayer Advocate issues mid-year report to Congress; highlights filing season challenges and focuses on strategic priorities
IR-2024-173, June 26, 2024 — National Taxpayer Advocate Erin M. Collins today released her statutorily mandated mid-year report to Congress.
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