IRS Raises Interest Rates for Third Quarter of 2022
By KLATZKIN TAX TEAM
On May 20, 2022, the IRS announced that interest rates on overpayments and underpayments of tax will increase for the third quarter of 2022, which begins on July 1.
2022 Employee Retention Credit IRS Penalty Relief
By KLATZKIN TAX TEAM
New Jersey and Pennsylvania-area employers hit with IRS penalties over failure to pay income taxes related to the Employee Retention Credit (ERC) may have some relief on the way.