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Businesses that face whistleblower claims can find themselves facing huge financial losses. These claims generally involve a former employee or contractor who discloses information that they believe the government could use to build a case against the business for a...
The Internal Revenue Service (IRS) has been straightforward that receiving funds from the Employee Retention Credit (ERC) would take time, estimating a standard processing goal of 180 days and longer if a claim required additional review. Unfortunately, for many...
The government started the federal Paycheck Protection Program (PPP) to help businesses struggling to keep their doors open during the worst of the COVID-19 pandemic. This program essentially provided qualified businesses with funds to cover certain expenses, such as...
The Internal Revenue Service (IRS) uses many tools to gather tax information about financial holdings United States citizens have in other countries. One of the most notable is the Foreign Account Tax Compliance Act (FATCA). This federal law essentially requires...
Few evolve with the times faster than those looking to take advantage of the unsuspecting. The Internal Revenue Service (IRS) recently noted that this is true when it comes to tax fraudsters who try to take advantage of taxpayers. The latest tool for their scams:...
For more than twenty years, the Internal Revenue Service (IRS) has released a list of top tax issues for the year in an effort to help keep taxpayers from falling victim to potential scams. This year, one of the top scams the agency is calling involves promotors...
The IRS is confusing enough, let alone sifting through the dozens of forms and letter names. At Goldburd McCone, we pride ourselves on maintaining an up-to-date knowledge of changes and important letters and notices for taxpayers to look out for. If you received any...
The laws that govern tax obligations in the United States are enough to make even the most seasoned of businessmen question their returns. Did they take advantage of all possible credits and deductions? Did they provide enough documentation to support the claims?...
The New York State Department of Taxation and Finance is aggressive when it reviews filings for a taxpayer that claims to no longer live in the state for tax purposes. The agency will use skilled income tax auditors to meticulously review filings and the movements of...
The IRS releases a list called the Dirty Dozen each year. In 2024, this list includes Phishing and Smishing scams – but, what is phishing? What is smishing? Here’s what you need to know, and how to report scams to the IRS.