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Frequently asked questions about the Employee Retention Credit
These FAQs provide general information about eligibility, claiming the credit, scams and more guidance about the Employee Retention Credit.
General Information
Businesses
Employers: Watch this webinar for the latest news on Employee Retention Credits
Tax Tip 2024-12, Feb. 26, 2024 — Businesses, tax professionals and others who want to learn more about resolving incorrect Employee Retention Credit claims can view the IRS’s free webinar about the ERC Voluntary Disclosure Program and other IRS efforts to help taxpayers who may have been misled by aggressive marketing and misinformation around ERC eligibility.
General Information
Individuals
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.
News
News Media
Employers: Webinar for important details on Employee Retention Credit before the March 22 deadline
Tax Tip 2024-14, March 8, 2024 — The March 22 deadline to apply to the Employee Retention Credit – Voluntary Disclosure Program is fast approaching.
General Information
Businesses, Tax Professionals
Businesses should review Employee Retention Credit rules and resolve incorrect claims soon
Tax Tip 2024-09, Feb. 20, 2024 — The IRS urges businesses to review their eligibility for the Employee Retention Credit because there’s limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as penalties and interest.
General Information
Businesses
Read out: Commissioner Werfel Briefs Senate Finance Committee on Employee Retention Credit
Jan. 10, 2024 — IRS Commissioner Danny Werfel today updated the Senate Finance Committee on the agency’s efforts to protect honest taxpayers and combat fraud in the Employee Retention Credit (ERC) program.
General Information
Businesses
IRS enters next stage of Employee Retention Credit work; review indicates vast majority show risk of being improper
IR-2024-169, June 20, 2024 — Following a detailed review to protect taxpayers and small businesses, the Internal Revenue Service today announced plans to deny tens of thousands of improper high-risk Employee Retention Credit claims while starting a new round of processing lower-risk claims to help eligible taxpayers.
News
News Media
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros
IR-2023-169, Sept. 14, 2023 — Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams.
News
News Media
IRS expands work on aggressive Employee Retention Credit claims; 20,000 disallowance letters being mailed, more action and voluntary disclosure program coming
IR-2023-230, Dec. 6, 2023 — As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims.
News
News Media
March 22 deadline approaching to resolve incorrect Employee Retention Credit claims; IRS urges businesses to review questionable claims to avoid future compliance action
IR-2024-72, March 15, 2024 — With a key March 22 deadline rapidly approaching, the Internal Revenue Service renewed calls for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims.
News
News Media