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 reopens Voluntary Disclosure Program to help businesses with problematic Employee Retention Credit claims; sending up to 30,000 letters to address more than $1 billion in errant claims
IR-2024-212, Aug. 15, 2024 —The Internal Revenue Service announced today a limited time reopening of the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit claims as the agency continues compliance work.
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IRS: New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers must apply by March 22
IR-2023-247, Dec. 21, 2023 — As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service today launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error.
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IRS Employee Retention Credit compliance effort tops $1 billion threshold since fall; Voluntary Disclosure Program suspended after March 22, special withdrawal program remains open as audits, investigations intensify
IR-2024-78, March 22, 2024 — The Internal Revenue Service announced today that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion so far since last fall as work continues on a number of efforts to counter questionable claims pushed by aggressive marketing, including an aggressive push on claims made for 2021.
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Form 7200, Advance Payment of Employer Credits Due to COVID-19
Use Form 7200, Advance Payment of Employer Credits Due to COVID-19, to request an advance payment of the tax credits for qualified sick and qualified family leave wages and the employee retention credit.
Forms and Instructions
Instructions for Form 7200, Advance Payment of Employer Credits Due to COVID-19
Use Form 7200, Advance Payment of Employer Credits Due to COVID-19, to request an advance payment of the tax credits for qualified sick and qualified family leave wages and the employee retention credit.
Forms and Instructions
Publication 5792, Small Businesses & Tax-Exempt Organizations: Beware of Tax Credit Scams!
Publication 5792, Small Businesses & Tax-Exempt Organizations: Beware of Tax Credit Scams! - The IRS urges small businesses and tax-exempt organizations to steer clear of scam
promoters who promise big money to people who aren’t eligible for the Employee Retention Credit.
Forms and Instructions
Instructions for Form 7200 (SP), Advance Payment of Employer Credits Due to COVID-19 (Spanish Version)
Use Form 7200 (SP), Advance Payment of Employer Credits Due to COVID-19 (Spanish Version), to request an advance payment of the tax credits for qualified sick and qualified family leave wages and the employee retention credit.
Forms and Instructions
Form 7200 (sp), Advance Payment of Employer Credits due to COVID-19 (Spanish Version)
Use Form 7200 (sp), Advance Payment of Employer Credits due to COVID-19 (Spanish Version), to request an advance payment of the tax credits for qualified sick and qualified family leave wages and the employee retention credit that you will claim on the following forms.
Forms and Instructions
Publication 5792 (sp), Small Businesses & Tax-Exempt Organizations: Beware of Tax Credit Scams! (Spanish Version)
Publication 5792 (sp), Small Businesses & Tax-Exempt Organizations: Beware of Tax Credit Scams! (Spanish Version) - The IRS urges small businesses and tax-exempt organizations to steer clear of scam promoters who promise big money to people who aren’t eligible for the Employee Retention Credit.
Forms and Instructions
How to claim the credits
Find answers to questions about how to claim the credits for the COVID-19-related tax credits for required paid leave provided by small and midsize businesses.
General Information