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$3B In Employment Tax Credits Claimed In Scheme, Feds Say

By Anna Scott Farrell

Three New Jersey men who said they were leaders of religious and charitable organizations fraudulently claimed nearly $3 billion in employment tax credits from a federal pandemic loan program, according to a criminal complaint filed in New Jersey federal court.

Ohio Ambulance Co. Says HR Firm Botched Tax Returns

By Anna Scott Farrell

An Ohio ambulance company accused its human resources management firm of failing to accurately prepare and submit amended tax returns that would have allowed the company to claim pandemic-era tax credits, according to a complaint filed in an Ohio federal court.

Ariz. Reps. Urge IRS To Scrap Tax On State Rebates

By Sanjay Talwani

Arizona's one-time state tax rebates should not be subject to federal income tax, members of the state's congressional delegation told the Internal Revenue Service, saying the rebates should be exempt under agency guidance issued last year.

Wash. Assessor Was Wrong To Deny COVID Relief, Hotels Say

By Jaqueline McCool

A business group representing Washington hotels told a state court that a county assessor erred when he refused to lower the 2020 property assessments for hotels in the area due to financial losses stemming from the coronavirus pandemic.

Ga. Man Convicted In $11M PPP Fraud Case Wants New Trial

By Chart Riggall

An Atlanta man convicted on dozens of charges stemming from an $11 million pandemic loan fraud scheme has asked a Georgia federal judge for a new trial.

Inmate, 8 Others Charged In Trafficking, Tax Fraud Schemes

By Elliot Weld

A California prison inmate has been charged along with eight other individuals with operating two separate illegal schemes: one to distribute methamphetamine and another to fraudulently claim over $550 million in COVID-19-based tax credits.


Expert Analysis

What To Know About Employee Retention Credit Disclosures

Employers that filed potentially erroneous employee retention credit claims should take certain steps to determine whether the IRS’ voluntary disclosure program is a good fit and, if so, prepare a strong application before the window closes on March 22, say attorneys at Dentons.

Employee Retention Tax Credit: Gray Areas And Red Flags

The subjective nature of the pandemic-prompted employee retention credit, coupled with a lack of Internal Revenue Service guidance, have created fertile ground for opportunists, so businesses seeking this tax benefit should be mindful of tax advisers who would involve them in fraudulent ERC claims, say attorneys at Holland & Knight.

Tax Equity Requires Reinstating The Home Office Deduction

Congress should restore the home office deduction for W-2 workers in the interest of tax equity because permanently remote workers now bear the cost of creating quiet, dedicated work spaces, a pandemic-related shift unforeseen when the deduction was eliminated by 2017's Tax Cuts and Jobs Act, say James Mahon and Samantha Lesser at Becker.

MORE COVERAGE

February 16, 2024 08:51 PM

Ga. Man Hit With Charges Over Unemployment, Tax Fraud

February 5, 2024 05:50 PM

Ireland Aims To Drop Warehoused Debt Interest, Pay Refunds

February 1, 2024 04:44 PM

US Won't Ask Justices To Review States' Win In ARPA Row

January 23, 2024 05:16 PM

Professor In Conn. Asks NY Tribunal To Nix Teleworker Tax

January 16, 2024 05:15 PM

EU Parliament Amends Debt-Equity Tax Proposal

January 10, 2024 04:22 PM

Ore. Tax Court Bars Pain Center's Claim As Untimely

January 2, 2024 06:46 PM

Conn. Professor Appeals Ruling Upholding NY Teleworker Tax

December 12, 2023 05:22 PM

NJ Bills Would Extend Accommodations For Biz Tax Credits

December 4, 2023 03:40 PM

Ore. Tax Court Denies Exemption For Vacated Building

December 1, 2023 02:19 PM

4th Circ. Won't Revive Mother's Stimulus Check Suit

November 27, 2023 04:41 PM

Mich. To Keep Assessing Property Tax Based On Biz Location

November 27, 2023 02:11 PM

Mich. To Allow Retroactive Personal Property Tax Exemptions

November 9, 2023 01:39 PM

European Parliament Backs New Sources Of Revenue

October 27, 2023 06:51 PM

Employers Might Not Rush To Withdraw Worker Credit Claims

October 12, 2023 05:42 PM

Court Tosses Realty Co. Suit Over Canceled IRS Contract

October 5, 2023 05:36 PM

NY Judge Says COVID-Related Tax Extensions Not Retroactive

September 29, 2023 03:18 PM

Va. Tax Dept. Nixes Refund For Truck Dealer, Citing Deadline

September 18, 2023 12:21 PM

Ore. City Creates Downtown Business Tax Credit

September 15, 2023 04:46 PM

Ohio Board Trims Closed Subway Shop's Property Value

September 14, 2023 08:35 PM

11th Circ. Won't Revisit Lifting State Tax Cut Limit