Bennett Thrasher offers an overview of the ERC, the process and deadlines for claiming it and possible scams that employers may face related to it. Learn more.
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Earlier this week, Georgia Governor Brian Kemp signed legislation (SB 56) that will require retailers to collect sales tax on in-state sales of digitally downloaded products. Learn more.
Understanding the applicable statute of limitations in IRS tax matters is crucial. Tax cases have been won or lost on this issue alone. Learn more.
Every five years, the BEA conducts its Benchmark Survey of Foreign Direct Investments within the U.S., otherwise known as the BE-12 Report. The upcoming BE-12 report is due May 31, 2023 (or June 30, 2023 for e-file). Learn more.
The IRS Dishonored Check or Other Form of Payment Penalty applies if you don’t have enough money in your bank account to cover the payment you made for the tax you owe. Learn more.
The Inflation Reduction Act of 2022 (IRA), signed into law last August, included a wide variety of tax incentives for clean energy. Learn more.
The IRS recently warned employers to be wary of third parties advising them to claim the Employee Retention Credit when they may not qualify. Learn more.
Section 174 changes take effect in the first tax year after December 31, 2021, beginning with the midpoint of the taxable year in which the expenses are paid or incurred. Learn more.
The Internal Revenue Service (IRS) considers information return penalties an important tool to collect, at the least cost, the proper amount of tax revenue. Penalties help the IRS achieve this goal because the threat of a penalty generally enhances voluntary compliance.
On November 30, 2022, the IRS issued Notice 2022-61, providing guidance on the prevailing wage and apprenticeship requirements that apply to Section 179D and Section 45L, as amended by the Inflation Reduction Act of 2022.
