Understanding IRS Letter 6612 for ERC Claims

IRS Letter 6612 signifies an audit of Employee Retention Credit (ERC) claims, prompted by a surge in ineligible applications. Businesses receiving the letter must provide detailed documentation within 30 days to prove their ERC eligibility or face possible claim denial.

2024-08-09T15:09:43-04:00April 19, 2024|Categories: Tax: Business|Tags: |

Podcast | “Greatest of All Time” Internal Revenue Code Sections

In this podcast, PBMares Partner, Sean O'Connell, summarizes IRS Code Sections that could include financial savings for individuals and businesses.

2024-07-17T08:14:57-04:00April 19, 2024|Categories: Podcast, Tax: Business, Tax: Individual|Tags: |

Podcast | Tax Relief for American Families and Workers

In this podcast, we discuss a new piece of legislation, the Tax Relief for American Families and Workers Act of 2024. We do not know what will be in the final bill or if we will even have one. But what is in the bill that has many excited?

2024-07-17T08:17:02-04:00March 18, 2024|Categories: Podcast, Tax: Business, Tax: Individual|Tags: , |

IRS Opens ERC Voluntary Disclosure Program

If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.

2024-03-27T10:43:53-04:00March 6, 2024|Categories: Tax: Business|Tags: |

IRS Launches ERC Voluntary Disclosure Program

The IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), providing an opportunity for employers to correct mistaken Employee Retention Credit (ERC) claims penalty-free, with submissions due by March 22, 2024.

2024-02-29T14:45:00-05:00February 27, 2024|Categories: Tax Alert, Tax: Business, Tax: Individual|Tags: |

Tax Relief for American Families and Workers Act of 2024

On January 31, 2024 the House of Representatives passed the Tax Relief for American Families and Workers Act, providing business tax breaks and expanded child care credits. Learn if you should consider filing an extension for your 2023 individual and business tax return and consult with a professional tax advisor for evaluation.

2024-02-27T12:24:21-05:00February 22, 2024|Categories: Tax Alert, Tax: Business, Tax: Individual|Tags: |
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