while you were taking tax season head-on and recovering from it, guess what happened? over 500 court cases, 200 irs irb developments (including regs), 2,500 irs rulings and other goodies came down.
irs notice 2021-29 “drops a bomb” on the employee retention credit.
with bradley burnett, jd llm
with 18 months of water under the bridge, we’re three-fourths of the way through the employee retention program, the irs changed their mind on an extremely important issue that changes many, many tax situations.
the question is: who’s eligible? and who’s not? read more →
bradley burnett: the “uncle billy” problem with the erc.
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with bradley burnett, jd llm
with 18 months of water under the bridge, we’re three-fourths of the way through the employee retention program, the irs changed their mind on an extremely important issue that changes many, many tax situations. read more →
but hurry, time is running out.
by bradley burnett, jd llm
the employee retention credit could be worth more than $330,000 to a small-business client.
but our polling shows that 75 percent of tax and accounting professionals have filed no (that’s zero) forms to claim the credit for clients. and now it’s ending early, due to a congressional compromise on the big infrastructure bill.
but congress adds a last-minute surprise.
with bradley burnett, jd llm
congress is cutting off fourth-quarter 2021 eligibility for the employment retention credit as part of the big infrastructure bill.
it’s going to be confusing, says bradley burnett, jd llm.
still, it remains “ludicrously lucrative.”
related: “brand spanking new!” irs notice on employee retention credit. | answered! your top 11 questions about the employee retention credit. |
but accountants, according to 卡塔尔世界杯常规比赛时间 research, feel ill-equipped to handle the erc. two-thirds of all tax professionals have yet to launch one erc claim yet.
“accountants have a whole batch of clients that are eligible for the erc but don’t even know it,” burnett tells rick telberg for 卡塔尔世界杯常规比赛时间.
it takes a deep dive into arpa to see exactly what’s possible. if you missed it, you’re not alone. it was enacted during tax season when practitioners were, obviously, otherwise engaged.
but there’s still time to catch up and win up to $330,000 per client in covid relief funds. if you can navigate the rules.
click for webinar details
our tax maven gives it a first-read: will it clarify or confuse?
with bradley burnett, jd llm
bradley burnett, jd llm, delivers a first-read on the new irs notice, which adds 34 pages of additional guidance on the employee retention credit.
related: answered! your top 11 questions about the employee retention credit. |
what does it clarify? and will it help accountants help small business clients claim up to $330,000 in covid relief?
click for webinar details
what congress giveth, it takes away. so hurry.
by bradley burnett, jd llm
question: what’s a great way to spend cash, then put it right back into your pocket?
answer: spend it on wages, then claim the employee retention credit (erc).
click for webinar detailsit’s a great deal and keeps on getting better.
our tax maven gives it a first-read: will it clarify or confuse?
with bradley burnett, jd llm
bradley burnett, jd llm, delivers a first-read on the new irs notice, which adds 34 pages of additional guidance on the employee retention credit.what does it clarify?
and will it help accountants help small business clients claim up to $330,000 in covid relief?
can he turn the gaming tables upside down?
by bradley burnett
for the longest time, saving employment taxes by means of skimming cash from either a partnership or an s corp seemed a bit like the lawless wild west with no sheriff, no posse and no hanging tree. oh, don’t get me wrong. there were laws on the books. it’s just that the odds of getting caught were slim to none, save for the stray example irs or an occasional court made of some renegade that got caught.
but, there’s a new sheriff in town. charles rettig, the newly minted irs commissioner, is at the helm. under his watch, irs this spring launched a new partnership reasonable-compensation audit guide. irs also convinced the tax court it does not any longer have jurisdiction to hear s corp reasonable comp employment tax cases (8th circuit agrees). evidence is on the horizon irs plans to exact a mighty pound of flesh in response.