Employee Retention Credit Scams Added to IRS “Dirty Dozen”

The IRS added widely circulating promoter claims involving Employee Retention Credits (ERC) as a new entry in the annual Dirty Dozen list of tax scams. These promotions can be based on inaccurate information related to eligibility for and computation of the credit....

Taxpayer Advocate Collins Optimistic for 2023

Despite a significant number of challenges faced by taxpayers in 2022, National Taxpayer Advocate Erin Collins has reason to be more optimistic for 2023. “We have begun to see the light at the end of the tunnel,” Collins wrote in the 2022 annual NTA report...

Treasury Outlines Path to Equitable Clean Energy Economy

The Department of the Treasury outlined how the Inflation Reduction Act’s tax incentives will support the building of an equitable clean energy economy. In a fact sheet issued October 26, 2022, the Treasury Department highlighted four key areas the tax policy built on...