IRS accelerates work on Employee Retention Credit claims; …
2024年10月10日 · The IRS reminds 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 …
IRS Issues Urgent Warning Over Incorrect Claims - Newsweek
6 天之前 · The Internal Revenue Service (IRS) has issued an urgent reminder to businesses to address improper Employee Retention Credit (ERC) claims through the agency's Voluntary Disclosure Program. With ...
IRS moves forward with Employee Retention Credit claims: …
2024年8月8日 · WASHINGTON — 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.
IRS processing 400K ERC claims with about $10 billion in eligibility
2024年10月11日 · To help speed processing, the IRS announced last month the opening of a consolidated claim process to help third-party payers and their clients resolve incorrect ERC claims.
IRS enters next stage of Employee Retention Credit work; review ...
2024年6月20日 · WASHINGTON — 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.
Employee Retention Credit | Internal Revenue Service
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before Jan. 1, 2021.
ERC claims withdrawal process extended for third-party payers
6 天之前 · The IRS extended the deadline for third-party payers that filed employee retention credit (ERC) claims for clients to use the consolidated claim process to resolve incorrect claims (IR-2024-296). In September, the IRS announced the deadline for the process was Friday. It is now Dec. 31, the IRS said ...
IRS gives update on processing of employee retention credit …
In the latest News Release, the IRS said it will begin processing the highest-risk and lowest-risk claims filed between September 14, 2023 and January 31, 2024. On September 14, 2023, the IRS had announced a moratorium on processing all …
IRS says vast majority of pandemic-era credit ... - Associated Press News
2024年6月20日 · The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.
What's Happening With the Employee Retention Credit and the IRS?
2024年8月13日 · Thousands of businesses looking to revise ERC claims at a discount will now get a second chance, as the IRS recently announced the reopening of its Voluntary Disclosure Program (VDP).