IRS Releases Update on Employee Retention Tax Credit

IRS Announces Updates on Status of ERC Claims

On August 8, 2024, the IRS released IR-2024-203 which provided various updates on the status of Employee Retention Credit (ERC) claims.

Employee Retention Credit (ERC): New IRS Updates & Guidance

Navigating the Employee Retention Credit (ERC) Landscape The employee retention credit (ERC) remains a hot topic as the Internal Revenue ...

IRS Announces Further Guidance on Employee Retention Credit

The IRS has announced (IR-2021-165) guidance (Notice 2021-49) on the employee retention credit, including guidance for employers who pay qualified wages ...

Navigating the Latest IRS Update on Employee Retention Credit ...

It offers a refundable tax credit to employers who retained employees during the crisis. While the program has been a lifeline for many ...

ERC Update: IRS Provides Details Of Second Employee Retention ...

The IRS has announced a second Employee Retention Credit (ERC) Voluntary Disclosure Program, running through November 22, 2024, which allows ...

IRS will deny billions of dollars in employee retention credit claims

Enacted to support small businesses during the Covid-19 pandemic, the employee retention credit, or ERC, is worth thousands of dollars per ...

IRS Announces a Second Voluntary Disclosure Program for COVID ...

IRS Announces a Second Voluntary Disclosure Program for COVID-Era Employee Retention Credit Claims ... On Aug. 15, 2024, the IRS announced the ...

The IRS Resumes Processing Employee Retention Credit (ERC ...

The IRS has recently begun processing Employee Retention Credit (ERC/ERTC) claims again, following a moratorium that started on September 14, 2023.

IRS announces second ERC Voluntary Disclosure Program, ERC ...

On Aug. 15, 2024, the IRS announced the details of a second employee retention credit Voluntary Disclosure program (ERC-VDP) for employers who ...

Employee Retention Credit Eligibility Checklist - IRS

The ERC is a pandemic-era tax credit for employers that kept paying employees during the COVID-19 pandemic either: when they were shut down due ...

IRS Warns Of Complexity Of Qualifying For ERC And Associated ...

The Internal Revenue Service (IRS) recently issued a warning regarding the Employee Retention Credit (ERC). The ERC is a complex tax credit available to ...

IRS Issues ERC Disallowance Letters and Changes Moratorium Date

As mentioned in KBKG's last blog post, the IRS provided an update in June surrounding the Employee Retention Credit (ERC), noting that it was ...

IRS restarts review of employers' claims for pandemic tax credit

The IRS is ramping up review of claims for the pandemic-period Employee Retention Credit and has mailed 28,000 disallowance letters in ...

Employee Retention Credit (ERC) Update – Voluntary Disclosure ...

Without a vote, this bill is provisionally dead, meaning taxpayers can still file refunds to claim the ERC for the 2021 tax year until the 2021 ...

IRS Increases Pressure on Businesses That Claimed Employee ...

The Internal Revenue Service (IRS) recently issued a news release identifying five new signs that a business's Employee Retention Tax Credit (ERC) may be ...

IRS Processing More Employee Retention Credit Claims—But With ...

14, 2023, and Jan. 31, 2024. The bad news is the agency is continuing to work denials of improper ERC claims, intensifying audits, and pursuing ...

IRS Resumes Processing New Claims for Employee Retention Credit

The IRS has ended its moratorium on processing employee retention tax credit claims that were filed after September 14, 2023, through January 31 ...

Employee Retention Tax Credit - NAPEO

September 15, 2023 - NAPEO issues a press release supporting the IRS' decision to pause new ERTC claims so it can focus on clearing its existing backlog of ...

What to Expect: The IRS's Road Ahead for the Employee Retention ...

The nation is 10 months into the moratorium on Employee Retention Credit claims, and with the IRS's recent announcement that it would deny ...

IRS Developments With Employee Retention Credit and Payroll ...

As a reminder, the credit is intended to encourage businesses to keep their employees on payroll by offering a refundable payroll tax credit of 50 percent of ...