Tag: IRS
Accountants: ERC woes still plague businesses
Many business owners have had to make sacrifices while waiting for Employee Retention Credit funds. And it’s likely they’ll be waiting many more months,...
Electrical services president admits not paying taxes
PROVIDENCE – The president of a Rhode Island electrical service admitted to a federal judge that she failed to pay more than $1.2 million...
Thundermist interim CEO Montanaro optimistic about future, but bailout is needed
WOONSOCKET – Maria Montanaro sees a light at the end of a very dark tunnel at Thundermist Health Center’s offices in that she hopes...
Flap over ERC claims puts strain on firms
It’s been more than 18 months since one of Michael Garcia’s clients applied for an Employee Retention Credit and it’s still not clear when...
Calling the IRS? Hold times are way down this tax season
WASHINGTON (AP) – Taxpayers who called the IRS had an average wait time of four minutes this tax season compared to 27 minutes a...
Woonsocket businessman sentenced for defrauding IRS of $2.8M
PROVIDENCE – A Woonsocket business owner was sentenced Thursday to probation and jail time his role in defrauding the IRS of $2.8 million, U.S....
Free tax filing available through VITA program for income-eligible R.I. residents
PROVIDENCE – Rhode Islanders may be able to get their state and federal income taxes prepared and filed for free under the Volunteer Income...
Addressing climate change through endowment investments
Harvard University will keep phasing out all investments tied to oil, gas and coal, it announced on Sept. 9. Harvard President Larry Bacow cast...
Do we really need tax returns?
The IRS has postponed the April 15 tax filing deadline to May 17, and that announcement may be welcome news for many. But it...
Revisions boost interest in special tax credit
A $5,000-per-employee tax credit may sound like a great incentive.
But the Employee Retention Credit rolled out under the Coronavirus Aid, Relief and Economic Security...
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