On July 20, 2022, the Internal Revenue Service (IRS) published its Strategic Plan FY2022-2026. The IRS’ new five-year plan highlights four primary goals, one of which is to “[e]nforce the tax law fairly and efficiently to increase voluntary compliance and narrow the tax gap.”Read More

With businesses struggling to stay open—and with employees struggling to keep their jobs—during the height of the COVID-19 pandemic, Congress established several short-term relief programs in 2020. One of these programs was the employee retention credit. Eligible businesses could claim this refundable credit in order to offset their payroll costs, helping them continue to provide jobs despite their declining revenues.Read More