A quarterly magazine from the National Association of Enrolled Agents
Spring 2026 vol.44 no.1
How to Address Unmade or Incorrect Wage Expense Disallowances for Employee Retention Credit Claims
Preparation

How to Address Unmade or Incorrect Wage Expense Disallowances for Employee Retention Credit Claims

The employee retention credit (ERC) required the disallowance of the income tax deduction for the corresponding wages in the amount of the credit received.i Uncertainty as to whether the credit amounts shown on refund cla... Patrick D. Dimmitt, EA

Winter 2025, Preparation, s corporation, partnership, Schedule C, Schedule K-1, Form 1065, employee retention credit, ERC, §3121(l), §111, Treasury Regulation §1.702-1(a)(8)(i), Form 1120S, Unvert, 656 F.2d 483 (9th Cir. 1981)
Important Things to Know for Tax Year 2021 Returns
Tax News Briefs

Important Things to Know for Tax Year 2021 Returns

Infrastructure Investment and Jobs Act On November 5, 2021, Congress passed the Infrastructure Investment and Jobs Act (H.R. 3684), which President Biden is expected to sign into law. The new law addresses provisions rel... TheTaxBook

Jan/Feb 2022, Tax News Briefs, corporation, Tax Court, Form 8300, Consolidated Appropriations Act, employee retention credit, Infrastructure Investment and Jobs Act, American Rescue Plan Act of 2021, §7508A, §408, Robert T. Stafford Disaster Relief and Emergency Assistance Act, §118, gross income, virtual currency, fair market value, §142(a), §45Q(f), Notice 2021-63
Tax Planning Versus Preparation – What Is the Difference?
Feature Article

Tax Planning Versus Preparation – What Is the Difference?

Visit social media or Google these days and you will most likely see advertisements for tax planning. But many taxpayers (and even tax professionals) are confused about the differences between tax planning... Dominique Molina, CPA

Nov/Dec 2021, Feature Article, business, c corporation, §199A, deductions, tax preparation, tax planning, employee retention credit, net operating loss, NOL, capital gains
2021 Employee Retention Credit Overview
Tax News Briefs

2021 Employee Retention Credit Overview

Employee Retention Credit Guidance for First and Second Quarters of 2021 The Internal Revenue Service (IRS) has now released guidance to address changes made by the Consolidated Appropriations Act, 2021, for... TheTaxBook

Nov/Dec 2021, Tax News Briefs, business, Internal Revenue Code, CARES Act, PPP, Social Security, Paycheck Protection Program, Medicare, American Rescue Plan Act, Consolidated Appropriations Act, Form 941, employee retention credit, Notice 2021-23, wages, §3121(a), §3231(e), grant