Is the ERC Cancelled?

Is the ERC Cancelled?

by Dave Horwedel, EA No. The ERC is not cancelled for those who submitted on or before 12/31/2023.  The IRS has paid or is still processing these ERC claims. Are new claims being accepted?   Proposed legislation ends acceptance of new ERC claims as of 12/31/2023, if...
Taxes in Under a Minute by Torchlight Tax

Taxes in Under a Minute by Torchlight Tax

by Dave Horwedel Learn to Maximize your deductions. Maximize your tax credits. Employee Retention Credit, R&D credit, child tax credit, earned income credit, solar tax credit. Maximize your assets while minimizing your taxable income. Create future income and...
Corporate Transparency Act Found Unconstitutional

Corporate Transparency Act Found Unconstitutional

By Dave Horwedel, EA, CEO of Torchlight and GuardDog Tax A federal district court in Alabama held that the Corporate Transparency Act (CTA), P.L. 116-283, which requires the reporting of Beneficial Ownership Information (BOI) by businesses, is unconstitutional. No...
IRS Audit Defense

IRS Audit Defense

Your worst fear has occurred. The IRS is auditing you. Whether it is a correspondence audit by mail, an audit down in your local IRS Office, or an IRS Field Audit in your home or business, it is stressful. You can represent yourself in an IRS Audit and may even...

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