News
Pandemic-era ERC started with good intentions, ending with frustration
April 08, 2025
The pandemic-era employee retention credit (ERC) officially ends April 15, but its legacy will live on in delayed payments to the businesses it was designed to help, fraudulent activity related to its claims, and confusion not only for taxpayers and tax professionals but also for the IRS.
IRS Adds New Answers to Employee Retention Credit FAQs in Response to Practitioner Questions
March 25, 2025
The Employee Retention Credit FAQs have been update and answer a number of questions that practitioners have been asking.
Businesses with dubious ERC claims have another chance with the IRS
August 15, 2024
The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30).
IRS: Review of 1 million ERC claims reveals most show signs of risk
June 20, 2024
Most remaining employee retention credit (ERC) claims show signs of fraud or errors, and the IRS will deny tens of thousands of the most obvious erroneous claims in the coming weeks, the Service said Thursday.
9 months into ERC claim processing moratorium, still a waiting game
June 12, 2024
In September 2023, the IRS announced a moratorium on the processing of new employee retention credit (ERC) claims because of what it said was rampant fraud.
How Connecticut changed during COVID, in 10 charts
May 21, 2023
On May 10, exactly three years and two months after Gov. Ned Lamont declared a public health emergency in response to the COVID-19 pandemic, he declared it over.