The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit aside from 41,000 ...
Earlier this month the United States GAO reported that the IRS had “closed all remaining ERC claims, aside from those under ...
The employee retention credit (ERC) has been a thorn in the IRS’ side for some time. Enacted during the COVID-19 pandemic, Congress originally designed the ERC as a means to funnel much needed money ...
The agency estimates between 10% and 20% of the ERC claims it's processing will be eligible for the first payments. The Internal Revenue Service plans to deny tens of thousands of improper Employee ...
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 ...
The IRS extended the deadline for third-party payers that filed employee retention credit (ERC) claims for clients to use the consolidated claim process to resolve incorrect claims (IR-2024-296). In ...
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 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 ...
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 ...
IRS Resumes Processing Employee Retention Credit Claims, With Added Scrutiny After freezing payouts in September to root out a rash of fraudulent applications, the IRS is now pushing ERC claims ...
LOS ANGELES, CA / ACCESSWIRE / March 31, 2023 / The Employee Retention Credit (ERC) tax refund program from the Internal Revenue Service (IRS) was designed for small to medium-sized business (SMB) ...
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