Earlier this month the United States GAO reported that the IRS had “closed all remaining ERC claims, aside from those under ...

WASHINGTON, DC - APRIL 19: Internal Revenue Service Commissioner Daniel Werfel prepares to testify before the Senate Finance Committee about the Biden Administration's proposed budget request for ...

The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.

Many well-meaning businesses have been victims of unscrupulous promoters of Employee Retention Credits (“ERC”). The promoters have facilitated the filings of ERCs to which the employers may not ...

The IRS recently issued a news release identifying seven signs that a business’s Employee Retention Tax Credit (the ERC) may be incorrect. The IRS identified these warning signs based on feedback from ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. For better or worse, the employee retention credit (ERC) ...

The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30). The revised VDP, ...

The agency estimates between 10% and 20% of the ERC claims it's processing will be eligible for the first payments. The Internal Revenue Service plans to deny tens of thousands of improper Employee ...

With the passage of the 2020 CARES Act, Congress created the Employee Retention Credit (ERC) for eligible employers whose operations were impacted by the COVID-19 pandemic. The IRS, however, stopped ...

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer after coming under pressure from Congress, but it's not ...

Over the past week, the IRS has announced two significant developments in its administration and enforcement of the Employee Retention Credit (ERC). Last week, the IRS' three-part announcement ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. I’m hearing from multiple taxpayers every day who receive canned ...