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IRS Orders Stop to Employee Retention Credit Processing

In a news release (IR-2023-169), the Internal Revenue Service (IRS) announced it will be  temporarily stopping the processing of new Employee Retention Tax Credit (ERC) claims due to an increasing amount of fraudulent filings as many businesses are being coerced by ERC pop up scammers. According to the IRS:…

September 27, 2023

Inflation Reduction Act: Fund the IRS

It isn’t often that I cut articles out of the newspaper anymore. In fact, just reading that sentence makes me want to check the closets for hidden VHS and cassette tapes and throw them out. That said, I cut out an op-ed by Kent Bush of the Rapid City Journal…

August 24, 2022

How to Spot IRS Scams and Handle Them Safely

It can be daunting to be contacted by the IRS.  You may wonder if something was filed incorrectly or was missed, if there are financial consequences, and you may worry how to resolve the issue.  Because of this, scammers have started to impersonate the IRS to trick you out of…

June 8, 2022

Still Waiting for Your Refund?

When you filed your 2020 tax return did it show a refund? Are you still waiting on that refund? If you answered yes to both questions, you are not alone. There are many taxpayers across the country still waiting for their tax refund. The Stats… The IRS is experiencing more…

July 15, 2021

Presidential Order on Payroll Tax Deferral

On August 8, 2020, President Trump issued an executive order which directed the Department of the Treasury to enact a payroll tax deferral for some employees.  This applied to payroll taxes on wages from September 1 through December 31, 2020.  We are now left picking up the pieces of determining…

August 31, 2020

Economic Impact Payments Being Automatically Distributed /IRS Launched Tool to Help Non-Filers Register

The IRS reminds taxpayers that Economic Impact Payments will be distributed automatically to most people starting this week. Eligible taxpayers who filed tax returns for 2019 or 2018 will receive the payments automatically. Automatic payments will also go in the near future to those people receiving Social Security retirement, survivors,…

April 13, 2020