News & Analysis as of October 6, 2024

Repayment Options

+ Follow

Read guidance, analysis, and updates on the myriad issues arising from the global response to the COVID-19 pandemic. Updated hourly every day, the insights published here are written by leading lawyers and law firms helping to make sense of insurance, employment, tax, securities, M&A, risk management, and every other consideration touched by this crisis. Follow the channel for a daily email brief of the latest and best updates. less -

IRS Introduces Second Opportunity for ERC Claimants to Correct Errors

Husch Blackwell LLP on 8/21/2024

On August 15, 2024, the Internal Revenue Service (IRS) launched a second Employee Retention Credit (ERC) Voluntary Disclosure Program for employers to correct any mistakes related to their ERC claims. The ERC, introduced by...more

ERC Voluntary Disclosure Deadline Rapidly Approaching on March 22

Fox Rothschild LLP on 3/19/2024

The March 22 deadline for applying to the IRS Voluntary Disclosure Program (VDP) to repay improperly claimed Employee Retention Credits (ERC) at a discount is just around the corner. The VDP requires businesses to repay only...more

New IRS Program Lets Businesses Repay Questionable Employee Retention Credits at a Discount

Fox Rothschild LLP on 12/27/2023

The Internal Revenue Service has announced a new Voluntary Disclosure Program (VDP) that offers businesses a limited-time opportunity to repay improperly claimed Employee Retention Credits (ERC) at a discount while avoiding...more

IRS Halts Processing of New Employee Retention Credit Claims, Redoubles Efforts Against Fraud

Fox Rothschild LLP on 9/20/2023

Responding to concerns about extensive fraud and scams involving the Employee Retention Credit (ERC), the Internal Revenue Service (IRS) has stopped processing new ERC claims, published updated frequently asked questions...more

IRS Guidance on Recapturing Excess Employment Tax Credits

McGlinchey Stafford on 7/28/2020

The Internal Revenue Service has issued a temporary regulation and a proposed regulation (pursuant to authority granted in the Families First Act and the CARES Act) to allow the agency to administratively recapture any excess...more

How to Provide Employees Up to $5,250 in Nontaxable Student Loan Repayment Assistance This Year

Bradley Arant Boult Cummings LLP on 6/12/2020

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, employers can now make nontaxable payments of up to $5,250 to employees as student loan repayment assistance, but only if the payments are made by December...more

6 Results

View per page

Page: of 1