IRS Warns of Looming Deadline to Correct Improper Tax Credit Claims or Face Penalties
The Internal Revenue Service (IRS) issued a warning to taxpayers who improperly claimed a pandemic-era tax credit that they face a fast-approaching deadline to apply for a voluntary disclosure program that will let them avoid penalties and interest—and even get a sharp discount on repayments. The IRS warned in a March 15 notice that businesses […]