Harrison Holmes

Jan 8, 2025 | jdsupra.com | Elizabeth Atkinson |Harrison Holmes |Seth Kossman

Following the 11th Circuit's ruling in Green Rock LLC v. IRS this past summer, the IRS has decided to cease its defense of post-American Jobs Creation Act (AJCA) reportable transaction notices.

Aug 16, 2024 | jdsupra.com | Elizabeth Atkinson |Harrison Holmes |Seth Kossman

Over the past week, the IRS has announced two significant developments in its administration and enforcement of the Employee Retention Credit (ERC). Last week, the IRS' three-part announcement signaled: (i) an end to the moratorium on processing certain ERC claims; (ii) an acceleration of processing legitimate ERC claims; and (iii) an intensification of efforts to deny and audit potentially fraudulent as well as improper ERC claims.