Tag: IRS

ERC Claim Processing Halted by the IRS (9/14/23) On September 14, 2023, IRS Commissioner Danny Werfel ordered an immediate moratorium on processing new claims for the Employee Retention Credit through at least December 31, 2023. This follows growing concerns about a substantial share of ineli Read More

Janover, LLC’s paperless workflow process was highlighted in a recent special supplement in Accounting Today magazine. The article quotes Janover’s Fredric Silverman, Principal at the firm’s Garden City, NY office, as Janover being a firm that has gone beyond scanning. Effectively migra Read More

Dumb Plan to Pay Back IRS Bill Results in Arrest, Power Outage All he wanted to do was pay back the IRS his outstanding $10,000 bill. So explained New York City electrician Joel Grasman, who stole a 30-ton Mac Boom truck in the early morning hours of August 26 to transport several welding mac Read More

The city of Detroit announced on Thursday that it plans to file for bankruptcy–making it the largest American city ever to take such a course. The city’s debt is likely to be $18 billion and perhaps as much as $20 billion. It is reported to be the largest municipal bankruptcy filing i Read More

The IRS issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The announcement gives larger employers until January 2015 to co Read More

Oops…The Internal Revenue Service has made a pretty big mistake. It has been reported that they posted the Social Security numbers of tens of thousands of people on the internet before taking down the information when a whistleblower pointed out the mistake. One estimate put the figure as h Read More

The truth came out at last week’s congressional hearings as the IRS scandal continues to emerge. People (listen  here) are telling real stories about their experiences. It’s all quite unsettling, from efforts to intimidate donors and illegally releasing tax returns, to pressuring pr Read More

In a press conference on Monday, President Obama called the reports about the IRS “outrageous” and intolerable while saying he would reserve harsher judgment for when the full report is formally released. This response comes after the news broke last Friday that the IRS had targeted group Read More