IRS errors have impact on businesses
COVID-19 was a nightmare for the Internal Revenue Service, and the IRS still is experiencing plenty of “hauntings” from the pandemic. It will be interesting to follow how the federal agency finally exits the continuing “horror show” affecting businesses. One thing is certain: It is not going to be an easy pathway. According to an Aug. 5 Wall Street Journal article published under the byline of the writer Richard Rubin, the federal tax agency erred in rejecting numerous COVID-era claims, tax advisers allege. The tax advisers in question allege that in the IRS’ first big ...