News

If you were to do a quick internet search on the Employee Retention Credit you might find yourself with more questions than answers. Trying to navigate all the changes, eligibility criteria, and how this credit affects small business can feel overwhelming! So, let’s talk about everything you need to know about the Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit (ERTC).

We’ve been getting a lot of questions about this, so we thought we’d make this episode to answer some of them for you.

The IRS has released their 2022 Delinquent Collection Activities statistics.  

The IRS has recently announced that the millions of unprocessed tax returns that had accumulated since the COVID-19 Pandemic have officially been cleared. The IRS additionally has announced that certain collections notices which were paused last year will gradually resume.

Celebrities – they’re just like us! Even the stars find themselves in back-tax trouble now and again. Who’s in the news recently for debts owed to Uncle Sam? Let’s take a look:

Have you filed your 2019 taxes yet?  If you haven't, you aren't alone. The IRS currently estimates that there are unclaimed income tax refunds totalling almost $1.5 billion for tax year 2019. 

It’s Tax Season, and that means that many Americans are preparing their tax returns this year to learn that they owe the IRS money. In a similar situation? Here are a few recommendations we have if you owe money to the IRS on last year’s taxes:

President Joe Biden has nominated Daniel Werfel as the IRS Commissioner.

Congratulations to Cary and Angie Bryson for being selected by a vote of peers to be included in Acadiana Profile magazine's 2023 list of Top Lawyers in Acadiana, Louisiana!

Did you know that the IRS can make a “Jeopardy Assessment” or initiate a “Jeopardy Levy” under IRC 6861 and IRC 6862 when they determine that the collection of tax is in jeopardy under normal IRS procedures?