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News & Events

Archive by Month: June 2021

IRS Issues FAQs to Help Employers Comply with the American Rescue Plan Act

Articles/News

Posted in on June 30, 2021

The American Rescue Plan Act makes tax credits available to qualifying employers in 2021. These credits are similar to those that were previously available under the Families First Coronavirus Response Act (FFCRA), which phased out on December 31, 2020. When claiming credits under the American Rescue Plan Act, employers must be careful to ensure statutory compliance, as improperly claiming credits under the Act could lead to enforcement action by the Internal Revenue Service (IRS).

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10 Reasons Why You May Be Under Investigation By IRS CI

Articles/News, Offshore Account Update

Posted in on June 16, 2021

The Internal Revenue Service’s Criminal Investigation Division (IRS CI) targets individual and corporate taxpayers suspected of criminal tax law violations. It investigates certain other types of criminal activity as well. If you have been contacted by IRS CI Special Agents, defending yourself (or your company) starts with engaging a New Jersey tax lawyer to determine why exactly you are being targeted.

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