Ex-IRS Chief Says Credits Are There for The Taking

On this episode of Talking Tax, we speak with former IRS Commissioner Mark Everson about some of the many tax credits that small businesses may not be aware they can claim. For example, Everson says businesses that are operating differently or making new products due to the coronavirus pandemic may be eligible to receive a research and development tax credit. Everson also weighs in on how his former agency is struggling to respond to the mountains of correspondence it has received since the pandemic started and also tells host Amanda Iacone that the IRS' struggles here have affected him personally.