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The employee retention credit (ERC) has been a thorn in the IRS' side for some time. Enacted during the COVID-19 pandemic, Congress originally designed the ERC as a means to [...]

The IRS's long-awaited recommencement of employee retention credit claim processing is welcome news to qualifying small businesses across the US that have been waiting for the agency to process their [...]

The IRS began a much-publicized moratorium on processing ERTC claims in September. I am often asked if the claims are now being processed. On June 20, 2024, the IRS issued [...]

Significant recent developments have occurred regarding Employee Retention Tax Credit (ERTC) claims. These include new announcements and actions by the IRS that may impact your business. We have summarized these [...]

On Aug. 15, 2024, the IRS announced the much-anticipated reopening of a second Voluntary Disclosure Program (the 'Second ERC-VDP') to help businesses address incorrect Employee Retention Credit ('ERC') claims as [...]

In a significant move to safeguard taxpayers and small businesses, the Internal Revenue Service (IRS) has unveiled plans to deny tens of thousands of improper high-risk Employee Retention Credit (ERC) [...]

On June 20, following a long and detailed review process, the IRS announced its plan to deny tens of thousands of highest-risk Employee Retention Credit (ERC) claims while resuming the [...]

Many employers who filed employee retention tax credit (ERTC) refund claims have been waiting months or even years to receive refund checks. The IRS stopped processing refund claims in mid-July [...]

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what's happening in Washington, D.C. could impact your business. Tax Package/ERC [...]

As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying [...]

In today's competitive business environment, companies must continuously be seeking innovative strategies to drive growth, enhance profitability, create employment opportunities, and successfully compete for and retain talent. One powerful tool [...]

The airwaves and Internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERC). While some employers do indeed remain [...]

Welcome to the July 2023 edition of the Winston & Strawn Tax Impacts' Monthly Tax Controversy newsletter. This edition highlights some recent decisions and other points of interest in the [...]

I. NOTIFICATIONS 1. The tax exemption limit for leave encashment upon retirement for non-government salaried employees has been hiked to Rs 25 lakh: Central Board of Direct Taxes ('CBDT') In [...]

The Employee Retention Tax Credit ('ERC'), enacted as a part of the Coronavirus Aid, Relief and Economic Security Act ('CARES Act'), is a fully refundable tax credit for employers, up [...]

Added to federal tax law by the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and further expanded in 2021, the Employee Retention C redit (ERC) can significantly [...]

One of the more significant tax incentive programs adopted by the state legislature and signed into law by the Gov. Ned Lamont in 2022 is the JobsCT Tax Rebate Program. [...]

On December 14, 2022, the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) signed and published a Memorandum of Understanding for Employment Tax Referrals (the 'MOU'). The [...]

If we reflect on the evolution of the Mauritian employment tax landscape over the last couple of years, there are 2 things which stand out - First, increased compliance requirements [...]

The Employee Retention Credit (the 'ERC') was created by the CARES Act to encourage businesses to retain employees on their payroll by providing a refundable tax credit equal to 50% [...]

As part of the American Rescue Plan Act of 2021 (ARPA), the $1.9 trillion COVID-19 relief bill signed by President Biden on March 11, 2021, employers with fewer than 500 [...]

With the Official Gazette numbered 31322 published on 02.12.2020, period extensions have been made on the articles Temporary 26, Temporary 10, Temporary 19 and Temporary 21 of Law no: 4447. [...]

Our Employment Tax Partner, Mark Groom, discusses employment taxes with Sally Jones, Public Policy Director post Budget 2017 announcement. self The content of this article is intended to provide a [...]

Following up on the Supreme Court's decisions in both Windsor v. United States and Obergefell v. Hodges, discussed in our earlier Alerts ( here and here), on October 21, 2015 [...]

On-the-job training programs are intended for the unemployed people to get trained at the workplaces meeting the key conditions, thus reinforcing their previous theoretical knowledge and gaining professional experience. This [...]

In United States v. Quality Stores, Inc., 134 S. Ct. 1395 (2014), the U.S. Supreme Court ruled that severance payments at issue in the case were wages subject to Federal [...]

FEDERAL HIGHLIGHTS Income-splitting - A new non-refundable tax credit of up to $2,000 was introduced to allow a higher income spouse to transfer up to $50,000 of earnings to the [...]

The Office of Tax Simplification (OTS) has been consulting on improvements to the taxation and reporting for both approved and non-approved share schemes. The consultation for the former completed in [...]

In an internal legal memorandum (ILM 201351018), the IRS said that a former partnership that became a disregarded entity (DRE) when one partner became an employee must use the former [...]

Like most physician and dental practices, yours more than likely has established certain policies and procedures for handling employee expenses. The question is: Does your approach to reimbursing staff expenses [...]

On 16 May 2013, the Finnish Supreme Administrative Court ('SAC') rendered a ruling regarding taxation of employment options in cross border situations which changes established tax practice in Finland. The [...]

Executive Summary: As promised, the Internal Revenue Service has prescribed special procedures that employers may use in order to retroactively correct FICA withholding and payment following the Supreme Court's decision [...]

The Treasury Inspector General for Tax Administration (TIGTA) conducted an audit to evaluate whether the IRS's SS-8 program is effectively processing worker determination requests and whether the rulings are being [...]

In a previous newsletter,1 I argued that a properly structured limited liability company ('LLC') should be able to mitigate self-employment taxes just as effectively as a limited partnership or S [...]

Executive Summary: The Obama Administration has released formal guidance on the delay of the Affordable Care Act's (the 'ACA') employer mandate and certain reporting requirements. Background Under the ACA's employer [...]

On July 2, 2013, Mark Mazur, Assistant Secretary for Tax Policy at the Department of the Treasury, issued an unofficial blog post stating that businesses had raised concerns about the [...]

The IRS released its final report of audit results relating to its study of colleges and universities in April 2013. The report focuses on two primary areas - one of [...]

The Chief of the IRS's Employment Tax Policy section, John Tuzynski, told lawyers on May 10, 2013 at an American Bar Association's meeting of tax lawyers in Washington, D.C. that [...]

Under memoranda of understanding (MOUs) that IRS has with 37 states, IRS and state workforce agencies (SWAs) are permitted to: (1) exchange audit reports; (2) exchange audit plans; (3) participate [...]

In September 2011 the Internal Revenue Service (IRS) announced a new voluntary relief program for worker status termed the voluntary classification settlement program (VCSP). Announcement 2011-64, 2011-41, I.R.B. 503. On [...]

RPs need to find innovative ways to retain and motivate a committed workforce, while keeping costs under control and complying with HMRC payroll taxes and reporting obligations. Is your organisation [...]

The 6th Circuit recently ruled that supplemental unemployment compensation benefits ('SUB payments') made to employees under an involuntary RIF are not wages for FICA tax purposes, even though they are [...]

The IRS earlier this week temporarily expanded the Voluntary Classification Settlement Program (VCSP), which was the subject of a prior post, to permit taxpayers who do not meet all of [...]

Executive Summary: In Announcements 2012-45 and 2012-46, the IRS has temporarily eased the eligibility requirements for employers to participate in the employment-tax Voluntary Classification Settlement Program ('VCSP') that was begun [...]

INTRODUCTION Remove the blindfold How is tax planning possible when you don't know what tax laws will look like in three months? Without legislative action, the new year is scheduled [...]

As part of the effort to make the return to civilian life as seamless as possible for the thousands of troops returning from Afghanistan and Iraq, President Obama signed into [...]

Governments throughout Southeast Europe have implemented various programs for combating unemployment as well as boosting the workplace inclusion of certain population groups. This is mostly being done in the form [...]

In recognition of the difficulty of properly classifying workers as employees or independent contractors, the Internal Revenue Service recently announced the institution of the Voluntary Worker Classification Settlement Program ('VWCSP'). [...]

The Internal Revenue Service has announced a new Voluntary Classification Settlement Program (VCSP). The program provides partial relief from federal employment taxes for eligible employers that agree to prospectively treat [...]

On September 21, 2011, the Internal Revenue Service (IRS) announced that it was launching a new Voluntary Compliance Settlement Program (VCSP) that will enable employers to resolve past worker classification [...]