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 ...

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 ...

On 7/15/24, the IRS announced via Notice IR-2024-212 the re-opening of the ERC (Employee Retention Credit) Voluntary Disclosure Program which will end on 11/22/24. The first ERC Voluntary Disclosure ...

Business owners that received a payout from the Employee Retention Credit but now realize they might not qualify are getting an off ramp from the Internal Revenue Service. The IRS launched a new ERC ...

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 ...

Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...

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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 ...

The Internal Revenue Service announced Thursday it plans to mail up to 30,000 letters to reverse potentially more than $1 billion in incorrect Employee Retention Credit claims. Processing Content It ...

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 ...