News & Analysis as of

Moratorium Tax Relief

Fox Rothschild LLP

Why Some Taxpayers With Unprocessed ERC Claims Should Consider Filing a Refund Lawsuit

Fox Rothschild LLP on

With the IRS showing no sign of lifting its moratorium on processing Employee Retention Tax Credit (ERC) claims filed after September 14, 2023, businesses whose unpaid, legitimate ERC claims are older than six months should...more

Gray Reed

ERC Claims on Hold While IRS Figures Out What it Thinks is Real

Gray Reed on

The IRS recently issued a press release regarding its “continuous efforts to combat dubious Employee Retention Credit (ERC) claims” to announce an initial round of over 20,000 notification letters of disallowed ERC claims....more

ArentFox Schiff

Everybody’s Got Something to Hide Except Me and My Monkey: IRS Issues Moratorium on Processing New Employee Retention Credit...

ArentFox Schiff on

The IRS has announced an immediate moratorium on the processing of new employee retention credit claims and warns taxpayers of aggressive promoters and marketers “hustling to get a hefty contingency fee.” On September 14,...more

Woods Rogers

IRS Imposes Moratorium on Employee Retention Credit

Woods Rogers on

Just a month after the Internal Revenue Service (IRS) released guidance on how federal credit unions may claim the employee retention credit (ERC), the agency issued a moratorium on processing new claims for the credit. The...more

Lowndes

Too Good To Last? IRS Halts Processing of ERC Claims

Lowndes on

While not as well-known as the Paycheck Protection Program, the Employee Retention Credit (“ERC”) program was another form of Covid relief provided by the federal government to businesses in 2020 and 2021. The ERC program...more

Gray Reed

IRS Imposes Immediate Moratorium on Employee Retention Credit (ERC) Claims

Gray Reed on

For some time, the IRS has cautioned taxpayers about filing false or fraudulent ERC claims.  More recently, on September 14, 2023, the IRS issued a News Release, IR-2023-169, indicating that it would no longer process ERC...more

White & Case LLP

COVID-19: Summary of Legal Measures in Russia

White & Case LLP on

This summary is intended to help clients navigate the large number of legal measures taken expeditiously by the Russian authorities in connection with the spread of COVID-19. The summary is not exhaustive. It includes only...more

White & Case LLP

COVID-19: Uzbekistan Government Financial Assistance Measures - State support for business and public

White & Case LLP on

During the course of March and April 2020, the Government of the Republic of Uzbekistan (the “Government”) has implemented a number of laws and measures, including: 19 March 2020:  Presidential Decree No. UP-5969 “On...more

White & Case LLP

COVID-19: South African Government Financial Assistance Measures

White & Case LLP on

On 21 April 2020, the President of South Africa addressed the nation yet again to inform South Africans of additional economic and social relief measures to be put in place as a result of the novel coronavirus (“COVID-19”)...more

Steptoe & Johnson PLLC

A Six Foot Look at the Business, Loan, and Tax Reform Legislation In Response to COVID-19

LOAN ASSISTANCE PROVISIONS - Express Bridge Loan Pilot Program: Unilateral pronouncement of the SBA- • While not part of the CARES legislation, the SBA announced as a response to COVID19, small businesses that...more

Latham & Watkins LLP

COVID-19: Key UK Business Measures - Current State of Play

Latham & Watkins LLP on

Given the many fast-paced UK government announcements of COVID-19-related measures, this Alert provides an up-to-date summary as of 24 March 2020. Key Points: ..In a series of announcements starting with the budget on...more

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