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 ...

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 IRS has released guidance to help taxpayers understand how new limitations under the One Big Beautiful Bill Act (OBBBA) will impact existing Employee Retention Credit (ERC) claims and refunds.

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 ...

The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ...

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 ...

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 ...

(StatePoint) The strength of the country relies on its estimated 33.2 million small businesses, which comprise 99.9 percent of all American businesses. COVID threatened, and in some cases forced, the ...

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 ...

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 ...