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 ...
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 ...
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 ...
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 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 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, ...
Citing the Employee Retention Credit—or ERC—as a “major concern,” the IRS has announced a voluntary disclosure program for businesses who want to pay back 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 ...
(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 ...