Federal Tax Update: The PEO and Your ERC Refund

https://vimeo.com/826711142

https://www.currentfederaltaxdevelopments.com/podcasts/2023/5/14/2023-05-15-the-peo-and-your-erc-refund

 

This week we look at:

• IRS email discusses issues that arise with payroll tax refunds when a PEO is involved who itself has unpaid tax liabilities
• Letter ruling provides that Forms 1099-C must be filed by a credit union due to writing off certain debts as part of a legal settlement
• IRS plans to add more detail to partnership K-1 liability disclosures on 2023 returns