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.
Found 192 Matching Items; Displaying 21 - 30.
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.
News
News Media
If you receive Letter 106-C about the Employee Retention Credit
Letter 106-C, Claim Partially Disallowed, is your legal notice that we partially disallowed, or denied, your claim for the tax period stated in the letter.
General Information
Businesses
About Form 5884-A, Employee Retention Credit for Employers Affected by Qualified Disasters
Information about Form 5884-A, Employee Retention Credit for Employers Affected by Qualified Disasters, including recent updates, related forms and instructions on how to file.
General Information
Check business tax returns for signs of incorrect Employee Retention Credit claims
Tax Tip 2024-49, May 15, 2024 — Some unscrupulous promoters have misrepresented eligibility rules for the Employee Retention Credit, luring well-intentioned businesses to claim the credit when they don’t qualify. The IRS is highlighting seven suspicious signs and urging businesses to seek a trusted tax professional to resolve an incorrect claim if they need to.
General Information
Businesses
IRS shares new warning signs of incorrect claims for Employee Retention Credit
Tax Tip 2024-72, Aug. 26, 2024 — The IRS recently shared five new warning signs of incorrect claims by businesses for the Employee Retention Credit.
General Information
Businesses
Employers: beware of third parties promoting improper employee retention credit claim
COVID Tax Tip 2022-170, November 7, 2022 — Employers should be wary of third parties advising them to claim the employee retention credit when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.
General Information
Businesses
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.
News
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.
News
News Media
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.
News
News Media
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