Some businesses can withdraw their employee retention credit (ERC) claims under a process announced by the IRS earlier this fall. The agency says employers who submitted an ERC claim but haven't ...

You’re not alone. Over 1.4 million people may be waiting for their ERC claims to be processed. But there is some good news on ...

the IRS stopped processing new employee retention credit (ERC) claims for the foreseeable future. The moratorium on new ERC claims processing was announced last fall by IRS Commissioner Danny ...

As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying ...

The trustee of a bankrupt construction firm is picking up its former case against the IRS for a delayed Employee Retention ...

Opinions expressed by Forbes Contributors are their own. I write about tax policy and how it affects business. The IRS today announced a withdrawal process for business owners/tax-exempt managers ...

The IRS said in its October 10 release that the 400,000 ERC claims includes both eligible and ineligible ones, with most of these being processed for approval, and that the total value of eligible ...

The IRS is processing 400,000 claims from the pandemic-era employee retention credit (ERC) that represent about $10 billion of eligible filings, the agency said Thursday in a news release (IR-2024-263 ...

The Internal Revenue Service says it has processing underway on some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims. Work on the claims for small ...

"We've done a lot of work around systems and processes to improve identification of high-value claims," John Hinman, director of the IRS Whistleblower Office, said in an interview with Bloomberg.

In its attempt to speed processing of employee retention credit (ERC) claims, the IRS changed its policy for pre-refund examinations and should consider reviewing nearly 185,000 claims totaling almost ...

The ERC Voluntary Disclosure Program allowed eligible businesses to repay incorrect ERC claims at a discounted rate of 80%. The IRS suspended the program on March 22, 2024. However, the agency has ...