IRS Announces New Phase of ERC Processing
(authored by RSM US LLP) The IRS is entering a new stage of Employee Retention Credit claim processing. The September 2023 moratorium continues, and claims filed before then are being...
21 June, 2024
ERC Tag
IRS Announces Details for ERC Voluntary Disclosure Program
Authored by RSM US LLP, December 22, 2023On Dec. 21, 2023, the IRS announced the details of an anticipated employee retention credit Voluntary Disclosure program (ERC-VDP) for employers who claimed and received an ERC...
12 January, 2024
What to do if you Filed an Employee Retention Credit Claim with the IRS
(authored by RSM US LLP) ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and...
19 September, 2023
Preferred ERC Provider of LSNB
The Employee Retention Credit (ERC) is one of several programs the federal government implemented in the wake of COVID-19. This program reimburses businesses through a tax credit—i.e. a lump sum...
27 October, 2022
How to Get Employee Retention Credits (ERC)
Did you know that Employee Retention Credits (ERC) from the Cares Act are still available for many businesses filing taxes? The ERC benefit can be significant: up to $5,000 per...
17 October, 2022
IRS Fights Employee Retention Tax Credit Fraud
In March 2022, the IRS identified 11,096 suspicious returns claiming more than $2 trillion in Employee Retention Tax Credits. The full extent of the fraud has yet to be...
03 October, 2022
IRS delays caused employers to wait on needed COVID tax credit relief
(authored by RSM US LLP) Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration...
08 September, 2022
IRS Guidance on Q4 Removal of Employee Retention Credit
(authored by RSM US LLP) Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021....
06 December, 2021