What You Should Know About This Payroll Tax Credit That Is Refundable The Credit for Employee Retention
The Employee Retention Credit (“ERC”) continues to provide a wide variety of firms with sizeable refundable payroll tax savings for qualified wages paid to employees in 2020 and 2021. Businesses can still be eligible for the ERC by submitting an amended Form 941X (Quarterly Federal Payroll Tax Return) for the quarters in which they were […]
Community and bilingual volunteers needed to provide free tax help in 2023
The Internal Revenue Service is calling for volunteers to train for the upcoming filing season in order to offer free tax assistance in localities all over the nation. Volunteers who speak both languages are especially required. Last year, more than 58,000 volunteers worldwide prepared more than 2.2 million federal income tax returns for individuals and […]