The IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. The new voluntary ...
OTTAWA, ON, June 15, 2026 /CNW/ - Tax situations can be complicated. If you made a mistake, missed a filing deadline, or forgot to report income, you are not alone. The Voluntary Disclosures Program ...
See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The Internal Revenue Service (IRS) has issued an urgent reminder to ...
On Dec. 21, 2023, the IRS announced the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), which helps eligible taxpayers pay back the money they had received for erroneously filed ...
On July 26, 2024, the IRS announced that they are in the final stages of reopening the Employee Retention Credit (ERC) Voluntary Disclosure Program. The ERC is a credit that was available to certain ...
The Internal Revenue Service announced Thursday it plans to mail up to 30,000 letters to reverse potentially more than $1 billion in incorrect Employee Retention Credit claims. Processing Content It ...
Proposed changes replace the 75% civil fraud penalty with 20% accuracy penalties over six years - creating a potential window for taxpayers who come forward now. IRVINE, CA / ACCESS Newswire / May 15, ...
Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...
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