Federal Tax Update: 2024-05-20 ERC Battles Continue

FICPA Podcasts

https://vimeo.com/947543909?share=copy

https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/17/2024-05-20-erc-battles-continue

This week we look at:

• DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E
• Filing date relief issued for those impacted by Ohio tornadoes from March
• IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar
• Tax adviser files suit to attempt to force the IRS to start processing ERC claims
• Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)