Disclosure of past returns. The VDP requires participants to disclose the prior six years of tax returns, regardless of whether the returns were accurate. Not an unreasonable “ask,” since the statute ...
On 7/15/24, the IRS announced via Notice IR-2024-212 the re-opening of the ERC (Employee Retention Credit) Voluntary Disclosure Program which will end on 11/22/24. The first ERC Voluntary Disclosure ...
The IRS’ second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money they received after filing ERC claims in ...
The IRS’s Voluntary Disclosure Practice helps taxpayers fix past non-compliance with protections from prosecution. Due to low ...
The Internal Revenue Service (IRS) has issued an urgent reminder to businesses to address improper Employee Retention Credit (ERC) claims through the agency's Voluntary Disclosure Program. With the ...
In the span of 15 months, the U.S. Department of Justice (DOJ) and certain individual U.S. Attorney's Offices announced no less than six different voluntary self-disclosure or whistleblower policies ...
The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ...
April 29, 2024 - On April 15, 2024, the Department of Justice released its "Criminal Division's Pilot Program on Voluntary Self-Disclosures for Individuals." Similar in many ways to programs ...