Recommended by IRS
Employee Retention CreditYou can still claim the Employee Retention Credit based on when qualified wages were paid. The requirements are different, depending on the time period for which you claim the credit. The ERC is not available to individuals.
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IRS issues guidance regarding the retroactive termination of the Employee Retention Credit
IR-2021-242, December 6, 2021 — The Internal Revenue Service today issued guidance for employers regarding the retroactive termination of the Employee Retention Credit.
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For employers and tax pros, free IRS webinar to focus on Employee Retention Credit
IR-2023-132, July 21, 2023 — The Internal Revenue Service will hold a free webinar designed to help employers, tax professionals and other interested taxpayers understand how the Employee Retention Credit (ERC) works and how to avoid tax scams and aggressive marketing related to the credit.
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News Media, Businesses, Tax Professionals
IRS reminds employers of penalty relief related to claims for the Employee Retention Credit
IR-2022-89, April 18, 2022 — The Department of the Treasury and the Internal Revenue Service have received requests from taxpayers and their advisors for relief from penalties arising when additional income tax is owed because the deduction for qualified wages is reduced by the amount of a retroactively claimed employee retention tax credit (ERTC), but the taxpayer is unable to pay the additional income tax because the ERTC refund payment has not yet been received.
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Seven individuals charged in largest employee retention credit scheme case in the United States
Jan. 22, 2025 — Earlier today, at the federal court in Central Islip, an indictment was unsealed charging Keith Williams, Janine Davis, Morais Dicks, James Hames, Jr., Jamari Lewis, Ewendra Mathurin, and Tiffany Williams with conspiracy to defraud the United States, wire fraud, and aiding and assisting the preparation of false tax returns. Six defendants were arrested this morning in New York and will be arraigned this afternoon before United States District Judge Gary R. Brown. Jamari Lewis is not in custody and will be arraigned in the Eastern District of New York at a later date.
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Employers warned to beware of third parties promoting improper Employee Retention Credit claims
IR-2022-183, October 19, 2022 — The Internal Revenue Service today warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.
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News Media, Businesses
Gonzales man charged in multimillion-dollar scheme to defraud the COVID-19 Employee Retention Credit program
Dec. 17, 2024 — United States Attorney Ronald C. Gathe Jr. announced that a Bill of Information has been filed charging Damian R. Raby of Gonzales, Louisiana, with conspiracy to launder money and obstructing the administration of the internal revenue laws, relating to a multimillion-dollar scheme to defraud a COVID-19 economic relief program.
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IRS Criminal Investigation to host educational sessions for tax professionals about employee retention credits
Jan. 26, 2024 — IRS Criminal Investigation (CI) special agents will host a series of educational sessions geared specifically to tax professionals about employee retention credits (ERC) at its field offices across the country. The sessions will take place in February and are part of a nationwide initiative to ensure that tax professionals have the latest information about ERC claims and understand ERC eligibility criteria.
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IRS to offer an Employee Retention Credit webinar on Feb. 8; provide updates on Voluntary Disclosure Program, moratorium
IR-2024-30, Jan. 31, 2024 — As part of an ongoing process to educate and inform people about the Employee Retention Credit (ERC), the Internal Revenue Service will host a free ERC Voluntary Disclosure Program webinar on Thursday, Feb. 8 at 2 p.m. EST.
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IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly
IR-2023-40, March 7, 2023 — The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file.
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News Media, Tax Professionals, Businesses, Individuals
Seven warning signs of incorrect Employee Retention Credit claims for businesses to review as key March 22 deadline approaches
IR-2024-75, March 20, 2024 — To counter promoters that marketed misleading information about the Employee Retention Credit (ERC), the Internal Revenue Service urged businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.
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