In the blogs: Retention tension – Nokturnal

Little steps with tech; getting rid of clients; cuts and holidays; and other highlights from our favorite tax bloggers. Retention tension EideBailly (https://www.eidebailly.com/taxblog): The Employee Retention Credit is getting congressional attention. And it isn’t praise. Meyers Brothers Kalicka (https://www.mbkcpa.com/insights): The IRS Office of Chief Counsel has issued a memorandum about applying the ERC to businesses … Read more

IRS plans new measures to curb Employee Retention Credit fraud – Nokturnal

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit. IRS Commissioner Danny Werfel discussed the changes Wednesday in Atlanta during one of the IRS’s Nationwide Tax Forums, saying the IRS has now mostly cleared its backlog and can … Read more

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