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2. Bogus 'tax service specialists' duped business owners in ...

   www.aol.com/news/bogus-tax-specialists-duped...

   IRS officials say the Employee Retention Tax Credit program has been a magnet for unscrupulous promoters who filed a "tsunami of bad claims." Bogus 'tax service specialists' duped business owners ...

3. The IRS is going after scammy firms pushing a small business ...

   www.aol.com/finance/irs-going-scammy-firms...

   October 7, 2023 at 11:52 AM. Pop-up companies aggressively pushing a small business tax credit may soon be in hot water with the IRS. Last month, the agency stopped processing tax returns with the ...

4. IRS: Watch out for tax refund schemes that could land you in ...

   www.aol.com/finance/irs-watch-tax-refund-schemes...

   The Security Summit is composed of the IRS, 42 state tax agencies, and the tax community — including tax preparation firms, software developers, payroll and tax financial product processors, tax ...

5. Employee Retention Credit - Wikipedia

   en.wikipedia.org/wiki/Employee_Retention_Credit

   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] The American Rescue Plan Act of 2021, signed into law ...

6. Internal Revenue Service - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Service

   The Internal Revenue Service ( IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue ...

7. Research & Experimentation Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Research_&_Experimentation...

   Traditionally, it is taken against income taxes. However, qualified small businesses can apply up to $500,000 to payroll and Medicare taxes each year. To qualify for the payroll tax offset, a business must have less than $5 million in revenue and be within five years of its first gross receipt. Legislation. The legislative intent for the R&D ...