With the IRS warning about “ERC mills” – third parties improperly advising businesses to claim the employee retention credit, UMD’s Sam Handwerger explains Congress’ shifting guidelines, “less-than-scrupulous consultants” and a newly bolstered IRS as “a perfect storm” for exposure of ERC fraud.
Tag: IRS
Top-100 Tax Law Professor Available to Speak about Inflation Reduction Plan
With President Joe Biden’s $80 billion Inflation Reduction Plan directing funds to the Internal Revenue Service ($45.6 billion chiefly for enforcement) and taxing cryptocurrencies, a relatively new area for the IRS, Albany Law School Professor Danshera Cords is available to share her insight and deep knowledge of tax law.
SCOTUS donor privacy case could have ramifications for dark money in elections, Notre Dame expert says
On April 26 (Monday), the Supreme Court of the United States will address the constitutional standard for disclosure of donor information for the first time since Justices Amy Coney Barrett, Neil Gorsuch, Elena Kagan and Brett Kavanaugh joined the court.…
How Tesla’s Bitcoin Play Fits Into Cryptocurrency Taxation
Maryland Smith tax expert Samuel Handwerger starts with Elon Musk’s stake in virtual currency and explores the implications for the future of finance – and the IRS.