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, ...
In What’s Next For ERC Refund Claims Pending With The IRS? (“What’s Next?”) previously published on Forbes.com, I estimated that there were about 1.5 million Employee Retention Credit refund claims ...
In the middle of this year, Congress approved a comprehensive tax package that contains adjustments to the Employee Retention ...
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 ...
Despite a moratorium since September on processing new claims for the pandemic-era employee retention credit (ERC), the IRS still averages 20,000 new applications weekly, Commissioner Danny Werfel ...
The IRS is switching up how and when it processes Employee Retention Credit claims — and is quietly shifting its moratorium. Tens of thousands of small-business owners will be paid their outstanding ...
Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. In July of 2023, the Department of Justice, Tax Division indicted one ...