In September 2023, the IRS announced a moratorium on the processing of new employee retention credit (ERC) claims because of what it said was rampant fraud. That moratorium has not stopped the filing ...

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 ...

As a Senior Consultant at OneBridge Advisors, I partner with top tax attorneys to educate and advise on tax credits. Follow me on LinkedIn. If you are among the hundreds of thousands of businesses and ...

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 ...

The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.

On Sept. 14, the IRS issued a moratorium on processing new Employee Retention Credit claims, saying then it would last until at least the end of 2023, although it remains in place to this day.

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 will deny billions of dollars' worth of claims for a pandemic-era tax break while working to process lower-risk filings. Enacted to support small businesses during the Covid-19 pandemic, the ...

Due to a backlog of 1.4 million unprocessed employee retention credit claims, the national taxpayer advocate is urging the IRS to expedite legitimate filings. Enacted to support small businesses ...

The Internal Revenue Service is opening a supplemental claim process to help third-party payers and their clients resolve incorrect Employee Retention Credit claims. Third-party payers report and pay ...