The IRS has released guidance to help taxpayers understand how new limitations under the One Big Beautiful Bill Act (OBBBA) will impact existing Employee Retention Credit (ERC) claims and refunds.

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, ...

The Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit (ERTC), was introduced as a refundable tax credit to support businesses and tax-exempt organizations that retained ...

The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit after it was hit by billions of dollars in improper claims, aside from about 41,000 claims ...

While the One Big Beautiful Bill Act made headlines for tax and spending cuts, it also contains significant changes to the federal government’s treatment of COVID era Employee Retention Tax Credit ...

Inaccurate—and even fraudulent—employee retention credit (ERC) claims have long been creating headaches at the IRS. The One Big Beautiful Bill (OBBB) made changes designed to alleviate IRS’ burden ...

Recommendations from tax practitioners may have reduced improper employee retention credit (ERC) payments, according to a watchdog report that recommends four ways for the IRS to close the chapter on ...

In the middle of this year, Congress passed a broad tax package that included several updates affecting business credits and filings. The legislation included provisions that formally brought the ERC ...

It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en masse. After waiting a very long time (often years) with ...

A federal court has upheld the IRS’s right to use automated tools to review Employee Retention Credit (ERC) claims, rejecting a challenge brought by two tax preparation firms. In ERC Today LLC v.

LOS ANGELES, CA / ACCESSWIRE / March 31, 2023 / The Employee Retention Credit (ERC) tax refund program from the Internal Revenue Service (IRS) was designed for small to medium-sized business (SMB) ...