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Tax and financial planning news from around the web: August 19 – 23, 2024

Written on Aug 23, 2024

Under economic pressure, local governments across the country are raising sales tax rates or introducing new taxes. 

The IRS announced a limited reopening of the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit claims. The program will run through Nov. 22 and allow businesses a chance to correct improper payments at a 15% discount and avoid future audits, penalties and interest.