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IRS rejects 20,000 tax refund claims for employee retention credit

IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia.Alex Wong | Getty ImagesThe IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the agency continues its crackdown...

Apple is trying to unwind its Goldman Sachs credit card partnership

David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California.Michael Kovac | Getty Images Entertainment | Getty ImagesApple has given Goldman...

Here’s what to know about employee retention tax credit claims

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersAs the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as the agency works on further guidance.The...

Withdrawing an employee retention credit claim: What to know

The Good Brigade | Digitalvision | Getty ImagesMore from Year-End PlanningHere's a look at more coverage on what to do finance-wise as the end of the year approaches:"This is a game-changer," said Eric Hylton, national director of compliance for Alliantgroup, a firm that...

House Republicans push IRS for answers on employee retention tax credit

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023.Jonathan Ernst | ReutersHouse Republicans are pressing the IRS for answers after the agency paused processing new claims for a...

UBS resumes selling the bonds at the heart of Credit Suisse controversy

Fabrice Coffrini | Afp | Getty ImagesUBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its emergency rescue of Credit Suisse — for the first time since completing the takeover.The Swiss banking giant...