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 190 Matching Items; Displaying 41 - 50.
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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IRS opens new process for payroll companies, third-party payers to help clients resolve incorrect claims for the Employee Retention Credit
IR-2024-246, Sept. 26, 2024 — The Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.
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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.
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IRS accelerates work on Employee Retention Credit claims; agency currently processing 400,000 claims worth about $10 billion
IR-2024-263, Oct. 10, 2024 —The IRS announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims.
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IRS provides details of second Employee Retention Credit Voluntary Disclosure Program; program for improper claims open through Nov. 22
IR-2024-213, Aug. 15, 2024 — The Internal Revenue Service urged businesses that have received Employee Retention Credit payments to recheck eligibility requirements and consider the second Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP) to resolve incorrect claims without penalties or interest.
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IRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims
IR-2024-203, Aug. 8, 2024 — The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing.
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IRS Commissioner signals new phase of Employee Retention Credit work; with backlog eliminated, additional procedures will be put in place to deal with growing fraud risk
IR-2023-135, July 26, 2023 — With the IRS making substantial progress in the ongoing effort related to the Employee Retention Credit claims, Commissioner Danny Werfel said the agency has entered a new phase of increasing scrutiny on dubious submissions while renewing consumer warnings against aggressive marketing.
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IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audit
IR-2024-198, July 26, 2024 — As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses.
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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.
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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.
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