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This article was published by the IRS. The IRS recently shared five new warning signs of incorrect claims by businesses for the Employee Retention Credit. The new list comes from common issues the IRS has seen while reviewing and processing ERC claims. Aggressive promoters convinced many businesses to claim this pandemic-era credit when they’re not eligible. [...]
If you're having second thoughts about your Employee Retention Credit, you may be able to fully withdraw your claim if the IRS hasn't paid it, or if you've received a check but haven't cashed or deposited it. For more information, visit IRS.gov/withdrawmyERC.
This article was published by the IRS. Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams. IRS Commissioner Danny [...]
Remember, you are responsible for any information on your tax return. Beware of schemes that push you to claim the Employee Retention Credit, even if you're not eligible for it. You could end up having to repay the credit, with penalties and interest. Visit IRS.gov/erc.
The IRS is urging people to beware of ads that promise big money by claiming the employee retention tax credit. This is a real credit that helps businesses that were affected by the pandemic, but scammers are telling people they qualify when they don't. The scammer takes a fee and your personal information. If you're not [...]
