News & Analysis as of

Tax Relief

Fox Rothschild LLP

The Presumption of Innocence Podcast: Episode 44 - A Recipe for Litigation: The Simmering Conflict Surrounding ERC Claims

Fox Rothschild LLP on

Is the IRS prepping a legal stew for businesses that filed for Employee Retention Credit (ERC) relief? Host Matt Adams invites Fox Rothschild partner Elizabeth Blickley into the proverbial kitchen for this episode. They...more

Hahn Loeser & Parks LLP

IRS Launches Second ERC Voluntary Disclosure Program

Many well-meaning businesses have been victims of unscrupulous promoters of Employee Retention Credits (“ERC”). The promoters have facilitated the filings of ERCs to which the employers may not necessarily be entitled. The...more

Husch Blackwell LLP

IRS Introduces Second Opportunity for ERC Claimants to Correct Errors

Husch Blackwell LLP on

On August 15, 2024, the Internal Revenue Service (IRS) launched a second Employee Retention Credit (ERC) Voluntary Disclosure Program for employers to correct any mistakes related to their ERC claims. The ERC, introduced by...more

Fox Rothschild LLP

IRS Reopens Employee Retention Tax Credit Voluntary Disclosure Program

Fox Rothschild LLP on

The ERC is a legitimate, refundable tax credit designed to help businesses that continued to pay employees while they were shut down because of the COVID-19 pandemic or that experienced a significant decline in gross receipts...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - August 2024 #2

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what’s happening in Washington, D.C., could impact your business....more

Womble Bond Dickinson

Newly Passed North Carolina Law Aims to Bring in More Captive Insurance Companies, Risk-Retention Groups

Womble Bond Dickinson on

North Carolina lawmakers recently passed a new bill to make the state more appealing to captive insurance companies and risk-retention groups. Senate Bill 319, which passed with unanimous support and was supported by the...more

Fox Rothschild LLP

IRS Begins Processing Some Employee Retention Tax Credit Claims Filed During the Moratorium

Fox Rothschild LLP on

The Internal Revenue Service has adjusted its moratorium on processing Employee Retention Tax Credit (ERC) claims, announcing last week it will begin processing claims filed between September 14, 2023 and January 31, 2024. In...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

IRS Resumes Processing New Claims for Employee Retention Credit

After lifting the moratorium on processing tax refund claims, the Internal Revenue Service (IRS) has begun processing a large backlog of claims for the employee retention tax credit (ERC), aimed at businesses impacted by...more

Goodwin

New Tax Measures Designed to Reinforce Luxembourg’s Attractiveness

Goodwin on

On 17 July 2024, the Luxembourg government introduced, under new Bill n° 8414, a comprehensive legislative package meant to modernise and enhance Luxembourg’s tax system. ...more

Farrell Fritz, P.C.

Understanding New York State's STAR Program

Farrell Fritz, P.C. on

New York State offers the School Tax Relief (STAR) program to provide a bit of property tax relief to eligible homeowners. ...more

Woods Rogers

State and Local Tax Law Changes in Effect in 2024

Woods Rogers on

The Virginia Department of Taxation released its 2024 legislative summary detailing changes, effective July 1, 2024, to Virginia’s state and local tax laws. The following discussion focuses on a few of the changes you may...more

Bowditch & Dewey

Spousal Relief From Joint Tax Liability

Bowditch & Dewey on

As a general rule, when a married couple files a joint tax return, they are jointly and severally liable for the entire tax. But what happens if one spouse failed to report income and the other spouse did not know or have...more

IR Global

Is your income over £100,000?

IR Global on

If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2 of adjusted net income over £100,000 irrespective of age. This means that any taxable receipt that takes your income...more

Farrell Fritz, P.C.

Understanding New York State’s STAR Program

Farrell Fritz, P.C. on

New York State offers the School Tax Relief (STAR) program to provide a bit of property tax relief to eligible homeowners. First, who is eligible? The basic STAR program requires that you own your home, that it is your...more

Fox Rothschild LLP

Why Some Taxpayers With Unprocessed ERC Claims Should Consider Filing a Refund Lawsuit

Fox Rothschild LLP on

With the IRS showing no sign of lifting its moratorium on processing Employee Retention Tax Credit (ERC) claims filed after September 14, 2023, businesses whose unpaid, legitimate ERC claims are older than six months should...more

Littler

Shift Work and Tax Relief in Belgium: The New Law Introducing the ‘Variant Bis’ Has Been Published

Littler on

We recently reported on the saga that followed the Constitutional Court's ruling of February 8, 2024 on the conditions for applying the partial exemption from payment of withholding tax for employers organizing shift work...more

Cadwalader, Wickersham & Taft LLP

Mixed Opinions on Penalty Relief for Corporate AMT Taxpayers

On April 15, the IRS released Notice 2024-33 (the “Notice”), offering limited relief from tax penalties for underpaying estimated income taxes arising from a corporation’s alternative minimum tax (“AMT”). The AMT imposes a...more

Ius Laboris

New Hong Kong budget: highlights for employment

Ius Laboris on

The 2024-25 Hong Kong Budget unveils a series of strategic policies and initiatives centred around revitalising the Hong Kong economy....more

Holland & Knight LLP

Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024

Holland & Knight LLP on

The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use...more

Foodman CPAs & Advisors

Campaña “Robocall” Que Impulsa Alivio Fiscal Falso Obtiene Un Cese Y Desista

El 4/4/24, la Oficina de Cumplimiento de la Comisión Federal de Comunicaciones (“FCC”) emitió una carta de cese y desista contra Veriwave Telco debido a una campaña ilegal de llamadas “Robocall” perteneciente a un “Programa...more

Foodman CPAs & Advisors

Robocall Campaign Pushing Fake Tax Relief Gets Cease And Desist

On 4/4/24, the Federal Communication Commission (FCC) Enforcement Bureau issued a cease-and-desist letter against Veriwave Telco due to an illegal robocall campaign pertaining to a “National Tax Relief Program.” The FCC also...more

Hinshaw & Culbertson LLP

DEA's Decision to Reschedule Marijuana Represents a Massive Shift in U.S. Drug Policy, But Challenges for Cannabis Industry Remain

Earlier this week, we learned that the United States Drug Enforcement Administration (DEA) will likely reclassify marijuana under federal law from Schedule I to Schedule III of the Controlled Substances Act (CSA) based upon...more

Baker Donelson

The 113th Tennessee General Assembly Adjourns Sine Die – Highlighted Overview

Baker Donelson on

The 113th Tennessee General Assembly adjourned sine die on April 25, 2024. The session was dominated by debate over the size and scope of the $1.6 billion legislative fix to the state franchise tax that naturally dashed plans...more

Mayer Brown

Updates on Saudi Arabia's Regional Headquarters Program

Mayer Brown on

Effective January 1, 2024, multinational companies (“MNCs”) intending to do business in Kingdom of Saudi Arabia (“KSA”) with a KSA government entities are required to incorporate their regional headquarters (“RHQ”) in KSA. ...more

Wilson Sonsini Goodrich & Rosati

Changes to Notification Requirements for EMI Options Granted On or After April 6

Companies granting enterprise management incentive (EMI) options to their UK tax resident employees are reminded they must notify HM Revenue & Customs (HMRC) of the awards. Failure to do so means that the option is not EMI...more

856 Results
 / 
View per page
Page: of 35

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide