Navigating the New Supplemental ERC Claims Process for Third Party Payors
On September 26, 2024, the Internal Revenue Service (“IRS”) launched a new process with the purpose of assisting payroll companies and third-party payers in helping their clients rectify incorrect claims for the Employee Retention Tax Credit (“ERC”).
Voluntary Disclosure Program for Employee Retention Credit Claims Returns
It’s the season for employee retention credit (ERC) audits—yes, right during tax season when you have nothing better to do. Hopefully, you and your clients have heeded all the warnings and lifelines that the IRS has provided.
Darren Guillot Responds to IRS Issuing 100,000+ Credit Disallowance
The Internal Revenue Service (IRS) has recently issued approximately 100,000 Letter 105C notices, denying Employee Retention Credit (ERC) claims. This move is the first salvo from the IRS in delivering on its promise last month to aggressively crack down on ERC claims it finds to be erroneous.
4 Reasons Your ERC Refund is Delayed: Why Businesses Need to Stay Ahead
1. Claim Was Filed After September 14, 2023 Moratorium The IRS instituted a moratorium on processing new ERC claims filed after September 14, 2023. If your claim was filed during this period, it will not be processed until the moratorium is lifted. This moratorium has been a common source of delay for many businesses and […]
Preparing for an ERC Audit? 6 Questions the IRS Will Ask
It’s the season for employee retention credit (ERC) audits—yes, right during tax season when you have nothing better to do. Hopefully, you and your clients have heeded all the warnings and lifelines that the IRS has provided.
