Legal News
Tax pros: Special information available to provide information to clients on Employee Retention Credit Voluntary Disclosure Program
For businesses and clients with questions on the ERC Voluntary Disclosure Program, the IRS has created special information that will help provide information on the new program. The second Employee Retention Credit Voluntary Disclosure Program (VDP) is available for...
IRS reopens Employee Retention Credit Voluntary Disclosure Program through Nov. 22
The IRS has announced the reopening of the Voluntary Disclosure Program to assist businesses in correcting erroneous received Employee Retention Credit (ERC) claims.
New Written Information Security Plan protects tax professionals, their businesses and clients
In the sixth installment of the “Protect Your Clients; Protect Yourself” special series, the IRS and its Security Summit partners informed tax professionals of a new, updated Written Information Security Plan (WISP) designed to help safeguard tax professionals from...
IRS, states, tax industry announce new joint effort to combat growing scams and schemes
A coalition representing the Internal Revenue Service, state tax agencies and the nation’s tax industry today announced a new joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems. The new combined effort follows a variety of...
Treasury, IRS announce over $1 billion recovered in collections from wealthy non-filers under IRA initiatives
The U.S. Secretary of Treasury and the IRS Commissioner made remarks at the IRS campus in Austin, Texas, to announce new initiatives under the Inflation Reduction Act that will ensure wealthy individuals pay their taxes, enhance taxpayer service through the Digital...