by Michael Hogberg, EA | Sep 11, 2024 | Enforcement Updates, Updates
A recent case in Arizona highlights the severe consequences of misusing federal assistance programs and falsifying tax filings. This case serves as a critical reminder for business owners and individuals of the importance of honesty and accuracy in all dealings with...
by Michael Hogberg, EA | Sep 4, 2024 | Federal Tax, Updates
In an era where cybercriminals are becoming increasingly sophisticated, safeguarding personal and financial information is essential for every taxpayer. The IRS has introduced several tools to help protect taxpayers from identity theft and fraud, one of which is the...
by Michael Hogberg, EA | Aug 28, 2024 | Federal Tax, Updates
As businesses continue to navigate the financial relief options made available during the COVID-19 pandemic, the IRS has recently issued a new set of warnings regarding incorrect claims for the Employee Retention Credit (ERC). This pandemic-era credit was designed to...
by Michael Hogberg, EA | Aug 21, 2024 | Enforcement Updates, Federal Tax, Tax Reminders, Updates
The IRS has reopened its Voluntary Disclosure Program (VDP) for a limited time, giving businesses that made improper Employee Retention Credit (ERC) claims a crucial opportunity to come forward and correct their mistakes. This program, which runs through November 22,...
by Michael Hogberg, EA | Aug 14, 2024 | Federal Tax, Updates
Crowdfunding has become an increasingly popular way for individuals and businesses to raise money online for a variety of purposes. Whether it’s to launch a business, cover medical expenses, or fund a creative project, many turn to platforms like GoFundMe,...
by Michael Hogberg, EA | Jul 24, 2024 | Enforcement Updates, Updates
A recent indictment in West Virginia serves as a powerful reminder of the serious consequences for business owners who fail to meet their tax obligations. The case highlights the risks of neglecting both employment tax responsibilities and personal tax filings. While...