However, the original due date of April 15, 2024, for 2020 claims is rapidly approaching. So, time is of the essence. The IRS is concerned about fraud and its backlog, so it declared a processing “moratorium” from September 15, 2023 until January 2024. However, the fraud hasn’t mate...
We’ll file all the necessary paperwork with the IRS and streamline the entire process so you get the maximum refund in the quickest time possible. GET STARTED STEP 4: You sit back and relax knowing everything has been taken care of for you while you wait for your refund directly from...
Receipt of the Credit or Refund:Once the credit is applied to your tax liabilities or the refund is issued, the timeline for receiving the ERC credit ultimately depends on the payment processing procedures of the IRS. This can take anywhere from a few days to several weeks for the funds to...
On Sept. 14, 2023, the IRS announced "an immediate moratorium through at least the end of the year" on processing new ERC claims. The agency said it was taking the action because of fraud concerns, in particular involving businesses that had been "pressured and scammed by aggressive promoters...
If you are an eligible business or tax-exempt organization owner, you should continue to file your ERC claim, especially if you plan to claim a refund for tax year 2020 or 2021. The due date for the refund filings has not changed. The 2020 ERC filing deadline is April 15, 2024, and...