The COVID-19 pandemic brought about challenging times for employers, but the Employee Retention Credit (ERC) program aimed to alleviate some of the burden of unemployment by offering a tax credit to ...
Missed the opportunity to apply for the Employee Retention Credit (ERC) Voluntary Disclosure Program? The IRS is giving you a second chance. The IRS has announced a second ERC voluntary disclosure ...
Taking the Off Ramp: IRS Opens Limited Program To Return Wrongly Received Employee Retention Credits
The IRS continues to evaluate and process Employee Retention Credit (“ERC”) claims with a focus on inaccurate and ineligible filings. Among its efforts to police the ERC program, the IRS announced a ...
The IRS on Friday issued five new warning signs that a business has filed an incorrect claim for the pandemic-era employee retention credit (ERC). The IRS plans to announce new steps soon to counter ...
Over the past week, the IRS has announced two significant developments in its administration and enforcement of the Employee Retention Credit (ERC). Last week, the IRS' three-part announcement ...
The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did, as the ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min On Sept. 14, the IRS issued a ...
The Internal Revenue Service is paying out more claims for the Employee Retention Credit program, even as it gives the claims greater scrutiny, and is moving the moratorium on processing new claims ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The IRS is rejecting thousands ...
Recently, the IRS now announced a voluntary disclosure program to allow employers with erroneous employee retention credit (ERC) claims to avoid potential penalties, interest and civil litigation. The ...
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