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2 min read
Cautionary Measures for Employee Retention Credit (ERC) Claims
Avoid the pitfalls of Employee Retention Credit (ERC) claims with these cautionary measures.
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2 min read
IRS Announcement: Introducing New Business Tax Accounts for Enhanced Services
Discover the latest IRS announcement introducing new business tax accounts for enhanced services.
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IRS Issues Advance Child Credit Payments
On July 15, 2021, the IRS started issuing advance child credit payments to select taxpayers. The credit ranges from $3,000-$3,600 per child.
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IRS and Illinois Provide Pandemic Relief for Individual Taxpayers for 2020 Tax Filings
The Internal Revenue Service (IRS) has indicated they are continuing to address hardships experienced by taxpayers related to the...
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New Stimulus Bill Passed, Relief for Small Businesses
On Monday, December 21, 2020, Congress gave small businesses and suffering Americans an early holiday gift, passing a bipartisan bill...
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IRS Clarifies Deductibility and Timing of Payroll Protection Program Funded Expenses
On November 25, 2020, the IRS released a revenue ruling clarifying its stance on the Paycheck Protection Program (PPP) loan forgiveness...
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