Browsing Tag

Internal Revenue Service

How Innovation Refunds cashed in on the Employee Retention Credit

Carolyne Adalla Oct 28, 2023 0

The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic.The government program, seemingly flush with cash, led to the emergence of an industry of its own,…
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TECHNOLOGY

IRS crackdown on wealthy taxpayers brings in $160M in back taxes

Chinua Achebe Oct 23, 2023 0

The Internal Revenue Service (IRS) has brought in $160 million in back taxes from wealthy taxpayers, amid a recent push to crack down on top income earners. The agency said Friday that it had collected $122 million from 100…
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