employee retention tax credit

On Feb. 16, the IRS Office of Chief Counsel released a legal memorandum concluding that third-party payers, such as professional employer organizations (PEOs), certified professional organizations, and Section 3504 Agents

Continue Reading IRS Determines Third-Party Payers Liable for Clawback of Improper Employee Retention Credit Refunds to Clients

On Feb. 16, the IRS Office of Chief Counsel released a legal memorandum concluding that third-party payers, such as professional employer organizations (PEOs), certified professional organizations, and Section 3504 Agents

Continue Reading IRS Determines Third-Party Payers Liable for Clawback of Improper Employee Retention Credit Refunds to Clients

On Jan. 16, 2024, the Senate Finance Committee and House Ways and Means Committee chairs announced their bipartisan agreement to a tax package that would include several new tax provisions

Continue Reading Congressional Tax Writers Propose Accelerated Jan. 31 Deadline to Claim Employee Retention Credit, and Other Changes

On Dec. 21, 2023, the Internal Revenue Service (IRS) announced a new voluntary disclosure program (VDP) for taxpayers who have received an employee retention credit (ERC) refund for which they

Continue Reading IRS Announces Short-Term Voluntary Disclosure Program for Employee Retention Credits

On Sept. 14, 2023, the IRS announced an immediate moratorium on the processing of amended returns claiming Employee Retention Credits (ERC). The moratorium, which is set to run through the

Continue Reading IRS Halts Processing of Employee Retention Credit Claims, Announces Initiatives for ERC Claims Filed by Ineligible Businesses

On Oct. 19, 2022, the IRS issued a warning to employers about what it calls “third parties” who promote claiming large employment tax refunds from improperly claiming the Employee Retention

Continue Reading IRS Warns Employers About ‘Third Parties’ Falsely Claiming Tax Refunds from ERC

Restaurants may be eligible to file refund claims for the employee retention credit because of late-published IRS guidance on PPP loan forgiveness, part-time workers, and tip income.

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Continue Reading Restaurant Businesses Entitled to Favorable Employee Retention Credit Treatment