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Tax Credits Available to Small Businesses Providing Paid Leave for COVID Vaccinations

The American Rescue Plan Act of 2021 (ARP) allows small and midsize employers—even certain governmental employers—to claim tax credits that reimburse the cost of providing paid sick and family leave related to COVID-19 to their workers.… Read more about Tax Credits Available to Small Businesses Providing Paid Leave for COVID Vaccinations (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Has Tips for Claiming ERC in 2021

The Internal Revenue Service has issued guidance aimed at employers who claim the employee retention credit (ERC).… Read more about IRS Has Tips for Claiming ERC in 2021 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

TAS Warns of Ban for Improperly Claiming Some Credits

The nation’s Taxpayer Advocate wants taxpayers to know there’s a downside to having too much of a good thing. In this case, it refers to making excessive or improper claims to qualify for a number of tax credits.… Read more about TAS Warns of Ban for Improperly Claiming Some Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Issues Another Abusive Micro-Captive Arrangement Warning

The Internal Revenue Service is once again warning taxpayers who are involved in abusive micro-captive insurance schemes that they need to get out of those arrangements—and quickly.… Read more about IRS Issues Another Abusive Micro-Captive Arrangement Warning (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…