by Sandra Mertens | Oct 10, 2024 | GCK on Law
In Connolly v. U.S., 602 U.S. ____, 144 S.Ct. 1406 (decided June 6, 2024), the U.S. Supreme Court considered whether and how a key person insurance policy owned by a corporation and used to redeem an owner’s shares affected a decedent’s estate tax liability. In the...
by GCK Legal | Oct 3, 2024 | GCK on Law
The Internal Revenue Service reminds taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results. These unscrupulous “mills” use aggressive marketing to make false...
by GCK Legal | Oct 3, 2024 | GCK on Law
Businesses that claimed the Employee Retention Credit may have received IRS Letter 105-C, a disallowance letter, if the IRS identified their claim as ineligible. A new page on IRS.gov, Understanding Letter 105-C, Disallowance of the Employee Retention Credit, can help...
by GCK Legal | Sep 19, 2024 | News
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...
by GCK Legal | Sep 19, 2024 | News
The IRS has announced the reopening of the Voluntary Disclosure Program to assist businesses in correcting erroneous received Employee Retention Credit (ERC) claims.
