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Restaurants in the cross hairs of the IRS authorities for tax evasion

At this point, our readers should be aware that there are certain industries that are more subject to examinations like restaurants and retail industries, especially if cash intensive and low controls in place. You can see numerous tax evasion schemes related to restaurants in the news,  United States Attorney's Office of each State and the

By |2024-11-12T04:43:28+00:00December 12th, 2024|Categories: Business|Tags: , , , , , , , , , , , |

IRS releases more warnings about Clean Energy scams (IRA) and misleading claims on the Self employment tax credit

In July 2024, the IRS released several warnings on widespread scams and misleading claims on the Self Employment tax credit. The IRS is taking a proactive communication approach and raising awareness of scams, fraud and other misleading information on social media and by different promoters.   Clean Energy Tax Credit – In the IR-2024-182, the

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