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Podcast:
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Federal Tax Update Podcast |
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Episode:
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2023-07-24 IRS Makes Clear Its Position on Extended Supply Chain ERC Claims
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Category:
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Business |
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Duration:
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01:17:01 |
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Publish Date:
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2023-07-23 23:52:00 |
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Description:
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This week we look at: - IRS memo makes it clear the agency is very skeptical about extended supply chain ERC claims
- Third Circuit rules that equitable relief is available for failure to file Tax Court petition in 90 day period for a deficiency
- IRS asked by Tax Court to justify suspense account method for losses deducted in excess of basis in closed years
- Taxpayers had to pay tax on funds taken from IRA/pension funds that were paid to fraudster
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Total Play:
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0 |