JD Supra

Before the Knock at the Door: Why Taxpayers Should Act Now Under the IRS Voluntary Disclosure Program

Disclosure of past returns. The VDP requires participants to disclose the prior six years of tax returns, regardless of whether the returns were accurate. Not an unreasonable “ask,” since the statute ...
Forbes

Nothing Lasts Forever: IRS Employee Retention Credit Voluntary Disclosure Program Ends Soon

The IRS’ second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money they received after filing ERC claims in ...

IRS Seeks to Revive its Voluntary Disclosure Practice

The IRS’s Voluntary Disclosure Practice helps taxpayers fix past non-compliance with protections from prosecution. Due to low ...
Newsweek

IRS Issues Urgent Warning Over Incorrect Claims

The Internal Revenue Service (IRS) has issued an urgent reminder to businesses to address improper Employee Retention Credit (ERC) claims through the agency's Voluntary Disclosure Program. With the ...
The National Law Review

IRS Announces Second Voluntary Disclosure Program to Resolve Improper Employee Retention Credit Claims

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Accounting Today

IRS reopens voluntary disclosure to fix $1B in ERC claims

The Internal Revenue Service announced Thursday it plans to mail up to 30,000 letters to reverse potentially more than $1 billion in incorrect Employee Retention Credit claims. Processing Content It ...