Forbes

IRS Opens Second Version Of Employee Retention Credit Voluntary Disclosure Program

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 ...
The Business Journals

IRS stops $1B in tax credit claims as deadline looms — but questions remain

The IRS has clamped down on a lucrative tax credit to the tune of $1 billion in affected claims. But a critical deadline looms and key questions remain. Here's what businesses need to know. The IRS ...
JournalofAccountancy

Businesses with dubious ERC claims have another chance with the IRS

The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30). The revised VDP, ...
JD Supra

IRS Halts Processing of New Employee Retention Credit Claims, Redoubles Efforts Against Fraud

Responding to concerns about extensive fraud and scams involving the Employee Retention Credit (ERC), the Internal Revenue Service (IRS) has stopped processing new ERC claims, published updated ...
Reuters

IRS Employee Retention Credit update — what companies need to know

March 19, 2024 - Over the last few months, several important developments occurred which highlighted the Internal Revenue Service's prioritized goal of cracking down on improper Employee Retention ...
The Island Packet

Small businesses can still apply for the Employee Retention Tax Credit—here’s what you need to know

Did your small business keep employees on your payroll through the pandemic? Congratulations! You may be eligible for a tax credit from the Internal Revenue Service. The Employee Retention Tax Credit, ...
The Business Journals

Worried about an ERC audit? The IRS is giving some businesses an off ramp

The IRS is rejecting thousands of ERC applications and clawing back others, and it's now giving businesses that already received money an off ramp. Business owners that received a payout from the ...
Forbes

IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims

After a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk Employee Retention Credit (ERC) claims. IRS Commissioner Danny Werfel said the extra looks “confirmed ...
WDTN

Employee Retention Tax Credit Application Process to Approval

SAN DIEGO, CA / ACCESSWIRE / July 13, 2023 / The Employee Retention Credit (ERC) is a critical provision within the larger Coronavirus Aid, Relief, and Economic Security Act (CARES Act) framework.
WKRG

Employee Retention Tax Credit Qualifications for ERC Refunds

DALLAS, TX / ACCESSWIRE / July 13, 2023 / Understanding qualifications for the Employee Retention Tax Credit (ERTC)has become more important than ever. The IRS rules for getting tapping into this ...
JD Supra

IRS Orders Immediate Stop to New Employee Retention Credit Claims and Announces Future Settlement Program

The Employee Retention Tax Credit (“ERC”), enacted as a part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), is a fully refundable tax credit for employers, which is up to ...