NEW YORK (AP) — The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help […]
Good morning, Broadsheet readers! Beyoncé drops a new country album, the Washington Post publishes an exposé on the life and career of the controversial LSU women’s basketball coach, and a Fortune 500 CEO gives us her view of the housing market. Have a productive Monday. – At home. Sheryl Palmer became the CEO of Taylor […]
The House subcommittee tasked with investigating the nation’s response to the coronavirus pandemic on Tuesday subpoenaed former New York Gov. Andrew Cuomo in relation to his administration’s handling of nursing homes during the pandemic, according to documents first obtained by ABC News. Specifically, the House Select Subcommittee on the Coronavirus Pandemic is seeking to question […]
(NEXSTAR) – In May, a tax credit created during the COVID-19 pandemic will expire.” People who haven’t yet filed a tax return for 2020 may still be eligible for the Recovery Rebate Credit, according to the Internal Revenue Service (IRS), but they’ll have to file a return by the May 17, 2024 deadline. The credit […]
An Ohio man pleaded guilty Wednesday to a federal hate crime, admitting he assaulted an Asian American college student in 2021 and blamed him for Covid-19 because of the victim’s race, according to a news release by US prosecutors. Darrin Johnson, 27, could be sentenced to nearly two years in prison for the attack at […]
WASHINGTON (AP) — When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a COVID-era tax break were fraudulent. “He looked at his shoes and he basically […]
WASHINGTON (AP) — When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a COVID-era tax break were fraudulent. “He looked at his shoes and he basically […]