The employee retention credit (ERC) has been a thorn in the IRS’ side for some time. Enacted during the COVID-19 pandemic, Congress originally designed the ERC as a means to funnel much needed money ...

The agency has announced it is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims related to the Employee Retention Credit. Third-party payers, ...

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 ...

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 IRS on Friday issued five new warning signs that a business has filed an incorrect claim for the pandemic-era employee retention credit (ERC). The IRS plans to announce new steps soon to counter ...

IRS Resumes Processing Employee Retention Credit Claims, With Added Scrutiny After freezing payouts in September to root out a rash of fraudulent applications, the IRS is now pushing ERC claims ...

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 ...

The Internal Revenue Service says it has processing underway on some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims. Processing Content Work on the ...

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 ...

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 through the pandemic but has been dogged by ...