Gross Receipts Safe Harbor Now Available for Employee Retention Credit

A new safe harbor unveiled by the Internal Revenue Service and the Treasury Department lets employers exclude some items from their gross receipts when figuring if they are eligible for the Employee Retention Credit, or ERC.… Read more about Gross Receipts Safe Harbor Now Available for Employee Retention Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Security Summit Warns of Scams Targeting Unemployment Compensation

The third installment of the Security Summit’s 2021 “Protect Yourself; Protect Your Client” campaign highlights recent scams targeting unemployment compensation. As part of a five-week focus on identity theft prevention, the Summit is once again asking tax professionals to help spread the word to clients.… Read more about Security Summit Warns of Scams Targeting Unemployment Compensation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS: Update EIN Responsible Party Information

Some IRS forms are considered “file and forget” documents, meaning once filed they normally don’t require any additional attention. The Internal Revenue Service, though, is reminding that the application for an Employer Identification Number (EIN) isn’t one of them.… Read more about IRS: Update EIN Responsible Party Information (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…