Search results
Results from the WOW.Com Content Network
The IRS has closely examined ERC claims in backlog and determined that 10-20% were low-risk, 60-70% had unacceptable risk, and 10-20% had high risk. ... too many businesses are waiting for the ...
For taxpayers who filed the credit through a return (Form 941-X, 943-X, 944-X, CT-1X) but haven’t received a refund or haven’t been told their application is under audit, they can sign and ...
That can be stressful for taxpayers waiting for their refunds, but it also creates an additional cost to the federal government, which must pay interest on overpayments it doesn't refund on a ...
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
At the end of fiscal year 2024, the National Taxpayer Advocate report noted, about 739,000 taxpayers were still waiting for the IRS to unfreeze their federal income tax refund after they claimed ...
Innovation Refunds' core business had been helping small business owners file for and obtain the credit. The company is no longer processing new ERC claims but is still supporting existing clients ...
The delay could affect many Americans still waiting on tax refunds. ... "The returns will not be coming in so fast, so hopefully that will give the IRS the opportunity to get caught up on all of ...
The outlet said refunds could take longer during peak filing times in April, while refunds that include the Earned Income Tax Credit or the Additional Child Tax Credit can't be issued until mid ...