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...

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