Iowa Tax Cafe Blog

ERC Update: IRS says up to 90% of ERC Claims are High Risk or Show an Unacceptable Level of Risk

Posted on 07/09/2024 at 02:19 PM by Cody Edwards

ERC Update: IRS says up to 90% of ERC Claims are High Risk or Show an Unacceptable Level of Risk

After months of silence, on June 20, 2024, the IRS issued a news release (IR-2024-169) providing an update on the employ...

Categories: Cody Edwards, Dickinson Bradshaw News, Taxation Law

Tagged As: Employee Retention Credit , Employee Retention Tax Credit , ERC

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William S. Smith Named Among America’s Top 100 Criminal Defense Attorneys®

Posted on 06/13/2024 at 01:55 PM by The Newsroom

William S. Smith Named Among America’s Top 100 Criminal Defense Attorneys®

Attorney William (Bill) Smith has been named one of America’s Top 100 Criminal Defense Attorneys. He practices as Smith...

Categories: Dickinson Bradshaw News, William S. Smith

Tagged As: America’s Top 100 Criminal Defense Attorneys®, William S. Smith

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If Not Now, When? Is it Time to Consider a Refund Suit to Expedite ERC Processing by the IRS?

Posted on 02/21/2024 at 10:22 AM by Cody Edwards, Charles Telk

If Not Now, When? Is it Time to Consider a Refund Suit to Expedite ERC Processing by the IRS?

Unfortunately, it looks like taxpayers who filed for the Employee Retention Credit (“ERC”) — both before and after the I...

Categories: Charles Telk, Cody Edwards, Dickinson Bradshaw News, Taxation Law

Tagged As: Employee Retention Credit , Employee Retention Tax Credit , ERC

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IRS Announces Withdrawal Process for Employee Retention Credit Claims

Posted on 10/19/2023 at 01:16 PM by Cody Edwards, Charles Telk

IRS Announces Withdrawal Process for Employee Retention Credit Claims

The IRS has repeatedly warned taxpayers of aggressive marketing and scams regarding the Employee Retention Credit.  On O...

Categories: Charles Telk, Cody Edwards, Taxation Law

Tagged As: COVID-19, Employee Retention Tax Credit , ERC, Internal Revenue Service, IRS

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IRS to Halt ERC Processing

Posted on 09/19/2023 at 02:29 PM by Charles Telk, Cody Edwards

IRS to Halt ERC Processing

The IRS issued a moratorium on processing new Employee Retention Credit (“ERC”) claims due to evidence suggesting a grow...

Categories: Charles Telk, Cody Edwards, Taxation Law

Tagged As: COVID-19, Employee Retention Tax Credit , ERC, Internal Revenue Service, IRS

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Latest IRS Guidance Demonstrates the Limited Basis for Claiming the ERC under a Supply Chain Disruption Theory

Posted on 07/25/2023 at 09:40 AM by Cody Edwards, Charles Telk

View post titled Latest IRS Guidance Demonstrates the Limited Basis for Claiming the ERC under a Supply Chain Disruption Theory

Does the disruption of an employer’s supply chain during the Covid pandemic qualify them for the Employee Retention Cred...

Categories: Charles Telk, Cody Edwards, Taxation Law

Tagged As: COVID-19, Employee Retention Tax Credit , ERC, Generic Legal Advice Memorandum, GLAM, Internal Revenue Service, IRS

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When the Taxman Cometh for (Potentially) Invalid ERC Claims

Posted on 07/19/2023 at 10:08 AM by Cody Edwards, Charles Telk

When the Taxman Cometh for (Potentially) Invalid ERC Claims

The IRS has repeatedly warned businesses of promoters presenting wildly misleading claims about the Employee Retention C...

Categories: Charles Telk, Cody Edwards, Taxation Law

Tagged As: Employee Retention Tax Credit , ERC, Internal Revenue Service, IRS, 2023 Dirty Dozen list

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Employee Repayment of Compensation - Update

Posted on 05/26/2023 at 10:56 AM by David Repp

Employee Repayment of Compensation - Update

I first wrote about employee repayment of compensation here in August of 2016. The following is an update to that origin...

Categories: David Repp, Employment & Labor Law, Taxation Law

Tagged As: employee termination, employer repayment, employers, FICA withholding, Internal Revenue Service, North American Oil Consolidated v Burnet, payroll deductions, Social Security

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Red Flags to Consider when Using Third-Party ERC Advisors

Posted on 03/24/2023 at 03:09 PM by Cody Edwards, Charles Telk

View post titled Red Flags to Consider when Using Third-Party ERC Advisors

“For the start of the annual Dirty Dozen list of tax scams, the IRS spotlighted Employee Retention Credits following bl...

Categories: Charles Telk, Cody Edwards, Taxation Law

Tagged As: Attorney Charles Telk, Attorney Cody Edwards , Charles Telk, Cody Edwards , Employee Retention Tax Credit , ERC

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Employee Retention Tax Credit: Potential Applicability for Law Firms

Posted on 03/23/2023 at 12:49 PM by Cody Edwards, Charles Telk

The Employee Retention Tax Credit: Potential Applicability to Law Firms

The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. A refundable payroll tax credit fo...

Categories: Charles Telk, Cody Edwards, Taxation Law

Tagged As: Employee Retention Tax Credit , Employee Retention Tax Credit Applicability for Law Firms

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