The IRS is rejecting thousands of ERC applications and clawing back others, and it's now giving businesses that already received money an off ramp. Business owners that received a payout from the ...

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, ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As a business owner, it's crucial to stay informed about the complexities of the tax code ...

The agency estimates between 10% and 20% of the ERC claims it's processing will be eligible for the first payments. The Internal Revenue Service plans to deny tens of thousands of improper Employee ...

Special agents from IRS Criminal investigation (CI), the law enforcement arm of the IRS, will host education sessions for tax professionals in February to ensure they understand eligibility ...

On Sept. 14, the IRS issued a moratorium on processing new Employee Retention Credit claims, saying then it would last until at least the end of 2023, although it remains in place to this day.

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 ...