The IRS has issued a new version of Form 7200 (Advance Payment of Employer Credits Due to COVID-19) and the instructions to that form.
Note from the Editor: the following article is a good overview of the issue of related parties and the ERTC.
The Internal Revenue Service and the U.S.
Looking ahead to the 2022 tax season
The gross Tax Gap is the difference between the amount of tax owed by taxpayers for a given year and the amount that is actually paid timely for that same year.
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open.
