The Internal Revenue Service (IRS) recently announced that it is continuing to target businesses that have claimed the Employee Retention Credit (ERC). The ERC was a limited-time credit offered to qualifying businesses under the CARES Act for the 2020 and 2021 tax years. According to an IRS ...
纳税人应警惕诈骗者就员工留任税收抵免 Employee Retention Credit (ERC) 相关大额退税的大肆宣传推广。此警告的发出是因应推广人诱使不符合条件的人申请该抵免的猖狂企图。国税局重点强调这些通过广播和网络大肆兜售员工留任税收抵免相关退税的推广人骗局。这些推广可能基于与抵免资格和计算相关的不准确信息。此外,其中一...
Tax attorney Daniel Strickland was interviewed by Bloomberg Tax about the IRS' latest efforts to go after fraudulent and overstated employee retention tax credit (ERC) claims. The ERC was created to help businesses keep employees on payroll during the pandemic, but subsequent audits hav...
The Employee Retention Credit was a pandemic-era program available to qualifying businesses for the 2020 and 2021 tax years. As the IRS notes, the ERC is “an incredibly complex credit, and there are very specific eligibility requirements for claiming the ERC.” While qualifying ...
We are here to help you understand your tax resolution options. IRS NEWS EMPLOYEE RETENTION CREDIT The Coronavirus Aid, Relief and Economic Security Act (CARES Act) contains a business relief provision known as the Employee Retention Credit (ERC), a REFUNDABLE PAYROLL TAX CREDIT! Call us today ...
“This [moratorium] doesn’t mean that the ERC program has been shut down,” explained Matt Kelley, the Vice President of Tax Consulting Solutions atExperian Employer Solutions. “It doesn't mean that they're no longer accepting 941-X claims for the credit; they're just not proce...
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the
The IRS is releasing over 50,000 ERC payments in the coming weeks with more planned payments for low-risk claims in the fall.
Fraudsters have been encouraging businesses that do not qualify to apply for the tax credit to either steal tax information or make money by charging a large fee for application assistance. In fact, the ERC scams have grown so rampant that the IRS set up an ERC withdrawal program so that ...
COVID Tax Status: Natural Disaster and More 3:41 PPP and ERC Tax Credits: How to Tell If Your Business Is Eligible 4:11 Employee Retention Credit: How Does It Affect Tax Returns? 3:43 How to Apply for the ERC (Employee Retention Credit) & Get The Maximum Tax Credit For Your Bus...