National Taxpayer Advocate Erin Collins told the AICPA & CIMA National Tax Conference that the number of unprocessed employee retention credit claims will grow before the final filing deadline in ...

Due to an increase in ERC tax credit scams and fraud and to protect honest business owners, the IRS stopped processing new employee retention credit (ERC) claims for the foreseeable future.

When claimed properly, the ERC (or ERTC) is a complex refundable tax credit available to certain employers who paid employees during the COVID-19 pandemic. However, abusive tax promoters have ...

had been waiting since early this year for his ERC refund. After the IRS halt, Carcamo sold the expected $288,000 tax credit to a financing firm at a 15% discount. “I can’t wait any longer ...

The IRS is offering an amazing deal to those who either fraudulently or mistakenly claimed Employee Retention Credits (ERC) to which they weren't entitled. If a taxpayer claimed and received ERC funds ...

The IRS saw a large influx of Employment Tax Credit (ERC) claims after unscrupulous internet promoters convinced many businesses that they could claim the ERC when they were not eligible. In response, ...

Opinions expressed by Forbes Contributors are their own. Robert W. Wood is a tax lawyer focusing on taxes and litigation. As part of continuing efforts to combat dubious Employee Retention Credit ...

Although third-party payer arrangements can be beneficial, some employers are learning they can also come with headaches of their own, particularly regarding the ERC.

Designed to incentivize businesses to retain employees during the economic downturn caused by COVID-19, the ERC is a refundable tax credit available to eligible employers that paid wages between ...

The 400,000 claims represent a big chunk of the outstanding tax-credit applications, with the IRS saying in a court filing in June it had a backlog of about 1.4 million ERC claims. It also said it ...