When claimed properly, the ERC (or ERTC) is a complex refundable tax credit available to certain employers who paid employees during the COVID-19 pandemic. However, abusive tax promoters have ...
During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied bogus claims, and some cases are criminal.
Still looking for your IRS Employee Retention Tax Credit (ERC) check? You’re not alone. Over 1.4 million people may be ...
The IRS continues efforts to tackle erroneous Employee Retention Tax Credit (ERC) claims. The agency says it has protected over $1 billion in revenue by increasing enforcement surrounding ...
The IRS identified another wave of warning signs related to incorrect Employee Retention Tax Credit (ERC) claims. The latest handful of red flags come from common issues IRS compliance teams have ...
Opinions expressed by Forbes Contributors are their own. Robert W. Wood is a tax lawyer focusing on taxes and litigation. As part of continuing efforts to combat dubious Employee Retention Credit ...
We have discussed several times the opportunity for farmers to claim the Employee Retention Credit (ERC) for wages paid during the first three quarters of 2021. In brief, you will qualify for the ...
The IRS’s use of automated filters to process requests for tax credits is a practical necessity given a “deluge” that ...