Real Deadline to Apply for the ERC – Employer Services Insights

Some tax advisors are misstating the rules related to deadlines for Employee Retention Credit (ERC) claims. They may say that amendments can be filed up to three years from each quarterly payroll tax filing date, resulting in a separate deadline to apply for the ERC for each calendar quarter. They say, for example, that the […]

IRS Warning – watch out for low quality ERC Processors

IR-2023-49, March 20, 2023 WASHINGTON — In a further warning to people and businesses, the Internal Revenue Service added widely circulating promoter claims involving Employee Retention Credits as a new entry in the annual Dirty Dozen list of tax scams. For the start of the annual Dirty Dozen list of tax scams, the IRS spotlighted […]

Will The IRS Deny Your Claim For The Employee Retention Tax Credit?

The employee retention credit (ERC) started out slow but keeps going strong, even to the present day. When it was first enacted on March 27, 2020 as part of the CARES Act, it received little fanfare because taxpayers that received a forgivable loan under the paycheck protection program (PPP) were prohibited from claiming the ERC. […]