Relief For Work Opportunity Tax Credit

Aug 17, 2021 | IRS, Tax Credit

The Internal Revenue Service announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC).  The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in...

“Dirty Dozen” Tax Scams

Jun 28, 2021 | IRS

The Internal Revenue Service began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and scams. This year’s “Dirty Dozen” will be...

Interest Rates Remaining The Same For Third Quarter

May 31, 2021 | IRS

The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning July 1, 2021. The rates will be: 3% for overpayments (two (2) % in the case of a corporation), 0.5% for the portion of a corporate overpayment exceeding...