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One of the IRS's primary concerns was that ERC companies were improperly qualifying or over-qualifying small businesses. The IRS website stated that to be eligible for credits, employers must have ...
“These resources are absolutely not about increasing audit scrutiny on small business or middle-income Americans,” Rettig writes. The agency will not raise audit rates to rise for households ...
Last week, The Republican National Committee claimed that the increased budget and its subsequent recruitment of nearly 87,000 IRS workers would lead to “poorer” Americans and small businesses ...
Catherine Engelbrecht, founder of conservative group True the Vote, filed a lawsuit claiming that her organization's tax-exempt status was unfairly delayed for three years, and alleging that she and her family's small manufacturing business were chosen for retaliatory investigations by the IRS, OSHA, the ATF, and the FBI. [116]
The Family and Small Business Taxpayer Protection Act is a proposed United States law that would rescind the expansion of the Internal Revenue Service included in the Inflation Reduction Act of 2022. [1] It was the first bill to be introduced in the 118th Congress.
In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws .