by Michele Weiss | Sep 23, 2024 | Audit, Internal Revenue Service, Tax Collection
Michele Weiss, Principal and Tax Attorney at Holtz, Slavett & Drabkin, along with Kandyce Jayasinghe (Covington & Burling) and Brian Gardner (Asbury Law Firm), will be speaking at the upcoming ABA Tax Section Virtual Fall Tax Meeting on the topic of... by Michele Weiss | Jun 15, 2024 | Audit, COVID-19, Employment Tax, Internal Revenue Service
Michele Weiss recently published an article in the Daily Journal entitled “The IRS has ramped up its efforts to catch tax fraudsters involved in Employee Retention Credit misuse.” In this article, Michele analyzes the current state of the Employee Retention Credit.... by Igor Drabkin | May 3, 2024 | Audit, Internal Revenue Service
On May 2, 2024, the IRS released its Strategic Operating Plan, setting forth its priorities and future goals. The plan focuses on five key objectives: Objective 1. Dramatically improve services to help taxpayers meet their obligations and receive the tax incentives... by Igor Drabkin | Mar 5, 2024 | Audit, Internal Revenue Service, Tax Litigation
On March 1, 2024. U.S. District Court for the Northern District of Alabama ruled that FinCEN’s Beneficial Ownership Information (BOI) reporting requirement enacted as part of Corporate Transparency Act (Public Law 116-283) constituted Congressional overreach and,... by Igor Drabkin | Oct 19, 2023 | Audit, Criminal Tax, Employment Tax, Internal Revenue Service
Today, in an attempt to further deal with the Employee Retention Credit (ERC) refund scams, the IRS announced a new process for withdrawal of inappropriate ERC claims. This new withdrawal option allows certain employers that filed an ERC claim but have not yet... by Igor Drabkin | Jul 18, 2023 | Audit, Criminal Tax, Internal Revenue Service, Tax Collection
On July 14, 2023, the IRS issued a release, IR-2023-126, discussing the agency’s improvements in taxpayer service and modernization efforts. From the compliance enforcement standpoint, the IRS announced that it will continue to focus on high income, high net worth...