IRS issues renewed warning on Employee Retention Credit claims

Renewed Warning About Improperly Claiming the Employee ...

Last week, the Internal Revenue Service issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before ...

However, Some Questionable Claims Still Need to Be Addressed

Employee Retention Credit Claims; However, Some Questionable Claims ... See https://www.irs.gov/newsroom/employee-retention-credit-. 2020-vs ...

Safeguard Against Uncertainty When Claiming Employee Retention ...

November 2023: The IRS clarified an area of grey many promoters used to seduce employers into believing they were eligible for the credit. It ...

IRS Intensifies Efforts to Combat ERC Scams

Internal Revenue Service. “IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and ...

IRS says 'vast majority' of 1 million pandemic-era credit claims show ...

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the ...

Considerations for IRS examinations of ERC claims - The Tax Adviser

With an extended examination period for the employee retention credit and repeated IRS warnings of promoted schemes, practitioners and their ...

IRS - The #IRS issues renewed warning on Offer in... | Facebook

The #IRS reminds businesses with incorrect Employee Retention Credit claims that they could avoid penalties and interest if they apply to the second ERC ...

Special Rule Gives IRS More Time to Audit ERC Claims - Wiggam Law

Employers beware: The IRS may leverage little-known erroneous refund procedures to gain extra time for employee retention credit (ERC) ...

Enis Bezhani - AAFCPAs

AAFCPAs would like to make clients aware that, as of September 14, 2023, the IRS has ordered an immediate halt to new Employee Retention Credit (ERC) claims in ...

IRS says it will deny most claims of pandemic tax credit for employers

The IRS said Thursday that it plans to deny the vast majority of claims for the Employee Retention Credit program, which was meant to help businesses get ...

FinCEN Alert on COVID-19 Employee Retention Credit Fraud

7, 2023). 26. IRS News Release, “IRS issues renewed warning on Employee Retention Credit claims; false claims generate · compliance risk for ...

Employee Retention Credit Worries?: IRS Voluntary Disclosure ...

The IRS is offering a second chance for employers to give back funds received from improper Employee Retention Credit (ERC) claims.

IRS Shares Additional Warning Signs for Improper Employee ...

On July 26, the IRS reiterated its warnings to businesses that filed improper employee retention credit (ERC) refund claims, citing five new ...

Potential audits of the employee retention tax credit

Employers still considering claims should know the IRS has placed a moratorium on processing new claims through at least the end of 2023 so it can implement ...

IRS will deny billions of dollars in employee retention credit claims

The IRS will deny billions of dollars' worth of improper employee retention credit claims. Here's what small businesses need to know.

IRS News Release Discusses Improper Employee Retention Credit ...

Earlier today, the IRS issued a news release warning employers about improper ERC claims. The IRS has published similar news releases about ...

IRS New Employee Retention Credit Voluntary Disclosure Program

Under existing law, new ERC claims for 2020 can be filed up to April 15, 2024 and claims for 2021 (where much larger funds are available) can be ...

The Employee Retention Credit - The CPA Journal

Many employers who timely filed their 2020 and 2021 employment tax returns did not claim the ERC on the initial returns. Reasons could include ...

Tax Withholding and Reporting: Home

On March 7, 2023, the IRS issued a renewed warning to employers considering an Employee Retention Credit (“ERC”) claim. While many businesses ...

Employee Retention Credit | Internal Revenue Service

The IRS is concerned about a large number of improper ERC claims and is closely reviewing tax returns that claim the credit. The IRS urges taxpayers to review ...