IRS Releases Update on Employee Retention Tax Credit

IRS Reopens Employee Retention Credit Voluntary Disclosure ...

The Internal Revenue Service (IRS) has announced the reopening of the Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP), which will run ...

IRS Update on the Employee Retention Credit | PKF O'Connor Davies

While the statute of limitations for claims relating to 2020 expired April 15, 2024, amended payroll tax returns can currently be filed until ...

IRS Update on Employee Retention Credits - CPA | Advisors ERC

The IRS released an update on their review of the Employee Retention Credit (ERC). You may recall the IRS announced last fall a moratorium on processing claims.

IRS Again Explains Restrictions on Claiming the Employee ...

What's new: In an ongoing effort to curb abuse of the Employee Retention Tax Credit, the IRS recently released a Generic Legal Advice Memorandum (GLAM) to ...

IRS Provides an Update on Employee Retention Credit Claim ...

In March 2024, the IRS stated that it hoped to begin processing new ERC claims sometime in late spring of 2024. However, the June 20 IRS ...

IRS Employee Retention Credit Update: June 2024 - Bryson Law Firm

In a news release published yesterday – June 20, 2024, the IRS says that it plans to deny tens of thousands of improper “high-risk” claims, ...

IRS Urges Employers to Participate in ERC Voluntary Disclosure ...

The program, designed to help businesses fix incorrect Employee Retention Credit (ERC) claims without penalties or interest, will run for a limited time ...

IRS Reopens Employee Retention Credit Voluntary Disclosure ...

The Employee Retention Credit program allowed some businesses and some tax-exempt organizations to claim a tax credit if they had employees ...

IRS Releasing Long Awaited Employee Retention Credit Payments

There's very welcome news for organizations still waiting on employee retention credit (ERC) payments. The IRS last week announced it's ...

IRS shares more warning signs of incorrect claims for the Employee ...

IR-2024-198, July 26, 2024 — As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five ...

IRS Updates FAQ on Employee Retention Credit

The ERC was created as a part of the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act, a $2.2 trillion legislative initiative designed ...

Employee Retention Credit (ERC) Update: Payouts for Low-Risk ...

On June 20, 2024, the IRS released a new update to its progress and policies related to Employee Retention Credit (ERC) claims. In this ...

Employee Retention Credit (ERC) FAQs - Cherry Bekaert

For most companies taking advantage of this program, the refundable tax credits are well in excess of the payroll taxes paid by the employers. ERC benefits can ...

Warner, Kaine Push IRS for Faster Review of Employee Retention ...

The ERC was created in response to COVID-19 to incentivize employers to keep their employees on payroll and off unemployment during the height ...

IRS Updates on ERC Fraud Programs | Tax Insights - EisnerAmper

During the COVID-19 pandemic, Congress passed emergency legislation creating the Employee Retention Credit (“ERC”). This refundable tax ...

IRS News Release On Pause In Processing Newly Filed Employee ...

Congress initially enacted the ERC provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which allowed eligible ...

Employee Retention Credit: IRS will resume processing this spring.

Timely Update: On August 8, 2024, the IRS announced its latest actions in moving forward with ERC claims and audits. REDW's trusted tax experts ...

IRS Employee Retention Credit update — what companies need to ...

... Employee Retention Credit claims, which are tax credits to incentivize employers to continue to pay workers while their businesses are ...

Employee Retention Tax Credit: Updates From Congress and the IRS

The ERC is a legitimate, refundable tax credit designed to help businesses that continued to pay employees while they were shut down due to the COVID-19 ...

Employee Retention Tax Credit (ERTC) Claims Under Scrutiny

The IRS reiterated the options for businesses discovering they may have questionable Employee Retention Tax Credit claims.