This article was published by the IRS. The IRS’s second Employee Retention Credit Voluntary Disclosure Program is open and runs through Nov. 22, 2024. This ERC VDP helps businesses repay credits they received after filing ERC claims in error. The program allows businesses to correct improper payments at a 15% discount and avoid potential compliance action [...]
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. [...]
Did you fall for misinformation about the Employee Retention Credit rules? If so, check IRS.gov/ercvdp to see if you can apply for the second ERC Voluntary Disclosure Program. If you qualify, you can get a discount on repaying your improper credit. The program ends Nov. 22, 2024.
