Taxpayers who discover an error after filing a federal tax return may need to file an amended return. There are some instances where an amended return isn’t required such as when the IRS corrects errors during processing or requests missing forms or schedules...
Most employers are familiar with payroll tax withholding for employees, but fewer understand backup withholding. Despite the name, backup withholding is not a secondary payroll tax or emergency tax process. It is a federal tax withholding requirement that applies in...
The Internal Revenue Service today announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid...