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.

With time running out for tens of thousands of taxpayers and a continuing case backlog, Frost Law urged the Internal Revenue Service to quickly establish procedures to allow more time for ...

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 ...

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, or ERC, was part of the CARES Act, which provided sweeping relief to individuals and businesses during the pandemic. The ERC credit has been modified four times since it ...

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 ...

WASHINGTON, DC - OCTOBER 07: Erin M. Collins, National Taxpayer Advocate, Taxpayer Advocate Service testify's at the House Committee on Oversight and Reform on October 07, 2020 in Washington, DC.

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 ...

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) ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. I’m hearing from multiple taxpayers every day who receive canned ...

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 ...