Internal Revenue Service

IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia.Alex Wong | Getty ImagesThe IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the…

The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic.The government program, seemingly flush with cash, led to the emergence of an industry of its own,…

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersScrutiny of a pandemic-era tax credit intensified this week as lawmakers, the IRS and tax professionals sought…

Some small businesses may have received an unwelcome surprise at tax time.As the U.S. continues to emerge from the pandemic, certain businesses might be seeing improved revenue and owe more taxes than they have in the past few years. Tax…

A cottage industry of specialist firms has sprung up to help business owners claim the Employee Retention Credit (ERC), a governmental tax incentive intended for companies stressed by the pandemic. But businesses need to be careful not to…

brightstars | E+ | Getty ImagesSmall businesses are facing an onslaught of ads, phone calls and emails to help them claim a pandemic-era tax credit. However, experts urge business owners to review eligibility with a qualified tax…

Erin M. Collins, National Taxpayer Advocate.Source: IRSAfter a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the tax break.The employee retention credit was created to…

JIM VERTUNO Associated Press The rapidly expanding landscape of nonprofit, donor-backed collectives paying college athletes to promote charities has been hit with a potentially seismic…

Ilyce Glink and Samuel J. Tamkin, Tribune Content Agency Q: My husband was laid off several years ago, and took a job out of state. I convinced him to buy a small house to live in rather than paying…

Ilyce Glink and Samuel J. Tamkin, Tribune Content Agency Q: I have a contract offer for my primary residence that is about 10 times what I thought the home was worth. The county I live in is changing…