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, ...

The Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit (ERTC), was introduced as a refundable tax credit to support businesses and tax-exempt organizations that retained ...

The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit after it was hit by billions of dollars in improper claims, aside from about 41,000 claims ...

Recommendations from tax practitioners may have reduced improper employee retention credit (ERC) payments, according to a watchdog report that recommends four ways for the IRS to close the chapter on ...

It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en masse. After waiting a very long time (often years) with ...

In the middle of this year, Congress passed a broad tax package that included several updates affecting business credits and filings. The legislation included provisions that formally brought the ERC ...

The IRS added five FAQs about the employee retention credit (ERC) on March 20, mainly discussing how to handle the pandemic-era credit on tax returns under various scenarios. The FAQs are not ...

Taxpayers who receive an ERC after (or near) the expiration of the statute of limitations for the year to which the ERC relates should consult with their tax professional about whether to include the ...

LOS ANGELES, CA / ACCESSWIRE / March 31, 2023 / The Employee Retention Credit (ERC) tax refund program from the Internal Revenue Service (IRS) was designed for small to medium-sized business (SMB) ...

Forbes contributors publish independent expert analyses and insights. I am a tax controversy lawyer with prior IRS leadership experience. Earlier this month the United States Government Accountability ...

The Employee Retention Credit, or ERC, was part of the CARES Act, which provided sweeping relief to individuals and businesses during the pandemic. The ERC credit has been modified four times since it ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. I’m hearing from multiple taxpayers every day who receive canned ...