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April Client Bulletin

Dates to Remember

April 15: Individual Tax Returns, Federal, State, and Local filing deadline, or extension of time to file.

April 30: 1st quarter payroll tax returns filing deadline.

April Client Line

Office Closed

We would like to thank all of our clients and friends for their support during this past tax season. We appreciate your business, and we thank you for recommending us to your family and friends. We also want to thank our employees for their hard work and dedication by rewarding them with time off to reacquaint themselves with their family and friends. Our office will be closed Friday, April 19 and will reopen Monday, April 22 with our normal business hours.

IRS Dirty Dozen

As part of this year’s Dirty Dozen, the Internal Revenue Service continues to warn businesses and others to stay clear of unscrupulous and aggressive promoters of questionable claims for the Employee Retention Credit (ERC). These questionable ERC claims often put unsuspecting businesses and other entities in jeopardy of penalties, interest, and potentially even criminal prosecution for claiming the ERC when they don’t qualify and aren’t entitled to it.

This latest warning comes as the IRS continues to take special steps to counter aggressive marketing around the ERC, sometimes referred to as the Employee Retention Tax Credit or ERTC. Since the IRS announced a moratorium on processing new claims filed after Sept. 14, 2023, the agency’s compliance efforts on ERC claims have topped more than $1 billion so far since last fall as work continues on a number of efforts to counter questionable claims. With compliance work on ERC claims continuing to expand through both audits and criminal investigations, the IRS reminded businesses they still have an option to pull back on any unprocessed claims. Businesses should quickly pursue the claim withdrawal process if they need to ask the IRS not to process an ERC claim for any tax period that hasn’t been paid yet.

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