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Loan Provider Owed $34M In Retention Credits, Court Told

By Kat Lucero

A mortgage loan company based in New York asked a federal court to award it more than $34 million in pandemic-era employee retention tax credits, saying the Internal Revenue Service has failed to respond to three separate claims for the credits.

Cos. Tell Court To Make IRS Process Worker Retention Credits

By Anna Scott Farrell

Two companies that help clients obtain pandemic-era employee retention tax credits asked an Arizona federal court to stop the Internal Revenue Service from issuing what they claim are batch denials based on faulty automated systems, saying the agency is required to individually review all claims.

No COVID Property Tax Break For Hotels, Wash. Court Told

By Sanjay Talwani

Hotels in Washington state should not get property tax breaks for COVID-19 because the pandemic was not a natural disaster that allows relief, the assessor of the state's most populous county told a state court.

Construction Co., Gov't Drop $4M Retention Credit Suit

By David van den Berg

A former construction business' suit against the Internal Revenue Service seeking nearly $4 million in employee retention credit refunds was dismissed by a Florida federal judge Wednesday after the company and the federal government agreed to drop the case.

Masonry Cos. Demand $2.3M In Worker Credit Refunds

By Anna Scott Farrell

The IRS brushed aside the requirements of a pandemic relief law by stalling on issuing $2.3 million in worker tax credits to two branches of a historic masonry company, the businesses told an Illinois federal court in a suit seeking refunds.

Ch. 7 Invalidates $4M Worker Retention Credit Suit, Gov't Says

By Anna Scott Farrell

A road construction company can't sue the Internal Revenue Service for a tax refund for pandemic-era worker credits because its claims stemmed from Chapter 7 bankruptcy proceedings, the federal government told a Florida federal court.


Expert Analysis

What To Know About Employee Retention Credit Disclosures

Employers that filed potentially erroneous employee retention credit claims should take certain steps to determine whether the IRS’ voluntary disclosure program is a good fit and, if so, prepare a strong application before the window closes on March 22, say attorneys at Dentons.

Employee Retention Tax Credit: Gray Areas And Red Flags

The subjective nature of the pandemic-prompted employee retention credit, coupled with a lack of Internal Revenue Service guidance, have created fertile ground for opportunists, so businesses seeking this tax benefit should be mindful of tax advisers who would involve them in fraudulent ERC claims, say attorneys at Holland & Knight.

Tax Equity Requires Reinstating The Home Office Deduction

Congress should restore the home office deduction for W-2 workers in the interest of tax equity because permanently remote workers now bear the cost of creating quiet, dedicated work spaces, a pandemic-related shift unforeseen when the deduction was eliminated by 2017's Tax Cuts and Jobs Act, say James Mahon and Samantha Lesser at Becker.

MORE COVERAGE

October 2, 2024 06:29 PM

IRS Makes Progress On Retention Credit Fraud, TIGTA Says

September 24, 2024 05:00 PM

Defunct Cannabis Co. Says It's Owed $1.4M In Worker Credits

September 20, 2024 04:47 PM

NJ Resident Owes NY Tax For Remote Work During COVID

September 18, 2024 05:45 PM

Jury Finds Eatery Owner Guilty Of COVID Fraud, Tax Crimes

September 18, 2024 01:58 PM

Staffing Co. Owed $5M In Worker Retention Credits, Suit Says

September 13, 2024 04:17 PM

Mortgage Co. CEO Gets 11 Years In Prison For Ponzi Scams

September 9, 2024 01:09 PM

Security Contractor Says It's Owed $3.6M In Worker Credits

August 20, 2024 07:11 PM

Mich. Man To Face Loan, Wire Fraud Charges Despite Mistrial

August 20, 2024 05:15 PM

Tax Prep Biz Falsified Credits, Caused $41M Loss, US Says

August 16, 2024 05:42 PM

Pa. Resident Owes NY Tax While Teleworking During COVID

August 15, 2024 02:33 PM

Ga. Man Accused Of Trying To Steal $1.9M In COVID Funds

August 15, 2024 04:30 PM

IRS Reopens Improper Retention Credit Disclosure Program

August 8, 2024 06:02 PM

IRS Targeting Up To $5B In Employee Retention Credit Claims

August 8, 2024 04:25 PM

Cabinet Cos. Say They're Owed $1.35M In Retention Credits

August 1, 2024 03:27 PM

Mass. Panel Upholds Tax On NH Resident During Pandemic

July 31, 2024 03:26 PM

Judge Won't Undo IRS' Pause On Worker Retention Credits

July 29, 2024 02:51 PM

Co.'s $1.7M Penalty Bill Was Due To IRS Errors, Court Told

July 26, 2024 11:33 AM

Weekly Internal Revenue Bulletin

July 9, 2024 03:00 PM

Medical Office Manager Gets 5 Years For Tax, Mail Fraud

July 2, 2024 03:12 PM

Saudi Arabia Extends COVID-19 Tax Penalty Exemptions