New Employee Retention Tax Credit Guidance Published for 2021
The IRS has issued guidance for employers implementing the expansion and extension of the Employee Retention Credit included in the CARES Act.
Proposed IRS Rules Would Expand Mandatory Electronic Filing
In accordance with the Taxpayer First Act, new proposed regulations would require more exempt organizations, partnerships, and businesses to file annual tax returns and forms electronically.
IRS Issues Rules for Recapturing Pandemic-Related Employment Credits
The IRS will treat erroneous refunds of COVID-19-related paid sick and family leave and employee retention credits paid to employers as underpayment of taxes, according to new temporary regulations.