The IRS is rejecting thousands of ERC applications and clawing back others, and it's now giving businesses that already received money an off ramp. Business owners that received a payout from the ...

Over the past week, the IRS has announced two significant developments in its administration and enforcement of the Employee Retention Credit (ERC). Last week, the IRS' three-part announcement ...

Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...

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, ...

On 7/15/24, the IRS announced via Notice IR-2024-212 the re-opening of the ERC (Employee Retention Credit) Voluntary Disclosure Program which will end on 11/22/24. The first ERC Voluntary Disclosure ...

The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30). The revised VDP, ...

Citing the Employee Retention Credit—or ERC—as a “major concern,” the IRS has announced a voluntary disclosure program for businesses who want to pay back the ...

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did, as the ...

IRVINE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Omega Accounting Solutions, an accounting and data firm that empowers small businesses to make informed decisions through powerful accounting ...

Everyone has probably heard or seen multiple radio or TV ads in the last six months touting the "free money" the federal government is allegedly giving out to businesses under the Employee Retention ...