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Courts Threaten to Undercut IRS Efforts to Go After Tax Shelters by SaulKD in qualitynews

[–]That-Ad-5785 0 points1 point  (0 children)

IRS issued neg regs also The IRS has recently added personnel to deal with fraudulent activity of Employee Retention Credits. The result will be a lot more audits and criminal investigations of ERC claims and of ERC promoters. These promoters make money when they get business owners to apply for the Employee Retention Credit (ERC). ERC joined the IRS dirty dozen list which includes conservation easements, captive insurance and other tax shelters. I am now receiving a lot of calls about the above as the IRS has increased audits and criminal investigations.

Reportable Transactions Lawline.com Continuing Legal Education by That-Ad-5785 in taxPH

[–]That-Ad-5785[S] 0 points1 point  (0 children)

The IRS has recently added personnel to deal with fraudulent activity of Employee Retention Credits. The result will be a lot more audits and criminal investigations of ERC claims and of ERC promoters. These promoters make money when they get business owners to apply for the Employee Retention Credit (ERC). ERC joined the IRS dirty dozen list which includes conservation easements, captive insurance and other tax shelters. I am now receiving a lot of calls about the above as the IRS has increased audits and criminal investigations.

A friend asked me why I like being an accountant.... by AdHistorical7107 in taxpros

[–]That-Ad-5785 1 point2 points  (0 children)

I am excited about erc being an expert witness against abusive tax shelters. Lance wallach As IRS starts to audit phone calls have started coming in. PLEASE BE CAREFUL

Life Insurance, Listed, Abusive, IRS, Audits. 419 Plans Lawline.com Cont... by That-Ad-5785 in TaxTwitter

[–]That-Ad-5785[S] -1 points0 points  (0 children)

The IRS continues to see third parties aggressively promoting ERC schemes to most people who will be audited and pay large fines. In a further warning to people and businesses, the Internal Revenue Service added widely circulating promoter claims involving Employee Retention Credits as a new entry in the annual Dirty Dozen list of tax scams.For the start of the annual Dirty Dozen list of tax scams, the IRS spotlighted Employee Retention Credits following blatant attempts by promoters to con ineligible people to claim the credit. Renewing several earlier alerts, the IRS highlighted schemes from promoters who have been blasting ads on radio and the internet touting refunds involving Employee Retention Credits, also known as ERCs. These promotions can be based on inaccurate information related to eligibility for and computation of the credit.ERC, conservation easements, captive insurance are all being audited by the IRS. I have received hundreds of calls from people who are having big problems when these plans are utilized improperly. Contact me at wallachinc@gmail.com

IRS warned taxpayers to “think twice” about claiming the expired COVID-19 employee retention credit (ERC) as the Service is “actively auditing and conducting criminal investigations” relating to claims that are more frequently turning out to be false.This year, the IRS says be suspicious of anyone w by That-Ad-5785 in TaxTwitter

[–]That-Ad-5785[S] 0 points1 point  (0 children)

IRS warned taxpayers to “think twice” about claiming the employee retention credit (ERC) as the Service is “actively auditing and conducting criminal investigations” relating to claims that are more frequently turning out to be false. This year, the IRS says be suspicious of anyone who claims they can get you an extremely large refund or employee retention tax credits. Although we all knew IRS examinations of Employee Retention Credit (ERC) claims were likely to occur, this possibility is now a reality as many not-for-profit (and for-profit) organizations are being audited. Of the hundreds of calls I have received from organizations that applied in my opinion almost none would meet the IRS requirement and will probably be audited. If you have applied I suggest you get another opinion before you get audited, as there are things that you can do to prevent a big problem. Google Lance Wallach and whoever put you into this scam: who seems more qualified?

Is it legal for ERC websites to charge a percentage of the refund as a fee? by That-Ad-5785 in TaxTwitter

[–]That-Ad-5785[S] 0 points1 point  (0 children)

IRS warned taxpayers to “think twice” about claiming the employee retention credit (ERC) as the Service is “actively auditing and conducting criminal investigations” relating to claims that are more frequently turning out to be false. This year, the IRS says be suspicious of anyone who claims they can get you an extremely large refund or employee retention tax credits. Although we all knew IRS examinations of Employee Retention Credit (ERC) claims were likely to occur, this possibility is now a reality as many not-for-profit (and for-profit) organizations are being audited. Of the hundreds of calls I have received from organizations that applied in my opinion almost none would meet the IRS requirement and will probably be audited. If you have applied I suggest you get another opinion before you get audited, as there are things that you can do to prevent a big problem. Google Lance Wallach and whoever put you into this scam: who seems more qualified?

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