CNBC

IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claims

The IRS will deny billions of dollars' worth of claims for a pandemic-era tax break while working to process lower-risk filings. Enacted to support small businesses during the Covid-19 pandemic, the ...
JD Supra

Where's My Employee Retention Credit?

In the years since COVID-19 shut down the country, many businesses applied for the Congressionally-authorized Employee Retention Credit (ERC), a valuable relief program created during the pandemic to ...
Accounting Today

Tax Strategy: Employee Retention Credit update

The Internal Revenue Service has announced that, following the moratorium on processing Employee Retention Credit claims after Sept. 14, 2023, it is starting to process claims received prior to that ...
JD Supra

IRS Begins Processing Some Employee Retention Tax Credit Claims Filed During the Moratorium

The Internal Revenue Service has adjusted its moratorium on processing Employee Retention Tax Credit (ERC) claims, announcing last week it will begin processing claims filed between September 14, 2023 ...
Forbes

What’s Next For ERC Refund Claims Pending With The IRS?

The latest IRS data shows that it had 1,057,000 unprocessed Forms 941-X as of December 9, 2023. Most of those forms are likely Employee Retention Credit (ERC) refund claims. That number is certainly ...
The Business Journals

A lucrative tax credit may get a new deadline that could freeze out small-business owners

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Thousands of small businesses ...
Forbes

Judge Dismisses Case Against Employee Retention Credit Provider, Finding No Harm

A recent court decision in Utah suggests that businesses are willing to file lawsuits against ERC advisors, but the result also illustrates that a win isn’t guaranteed. At the peak of the pandemic, ...