Forbes contributors publish independent expert analyses and insights. I write about tax policy and how it affects business. The IRS today announced a withdrawal process for business owners/tax-exempt ...

Last month, citing "rising concerns about a flood of improper Employee Retention Credit (ERC) claims," the IRS announced a moratorium on processing new ERC claims. At the time, the agency indicated ...

On October 19, 2023, the IRS announced a special withdrawal process to help those who filed an Employee Retention Credit (“ERC”) claim and are concerned about its accuracy. This follows the September ...

The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam at the hands of so-called "ERC mills" that ...

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 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 ...

In an ongoing effort to combat suspect Employee Retention Credit (ERC) claims, on December 6 the IRS announced that it will issue an initial round of more than 20,000 letters disallowing some ERC ...

After freezing payouts in September to root out a rash of fraudulent applications, the IRS is now pushing ERC claims through, but rejecting a lot of them. The ERC was created in March 2020 as part of ...

The IRS is overhauling its response to a lucrative Covid-19 relief program — and more rejections are on the way. The IRS is rejecting more than 20,000 Employee Retention Credit applications as part of ...

On the ERC specialists portal, they can pull up a business owner application status and present it to them quickly. ERC specialists do a very good job at claiming the ERC tax credit and they have been ...