News & Analysis as of

Withdrawal Tax Credits Coronavirus/COVID-19

Foodman CPAs & Advisors

Employee Retention Credit Part Of The IRS Dirty Dozen

On 3/29/24, the IRS continued the release of the Dirty Dozen scams for 2024 with a warning to businesses and others to stay clear from promoters and marketers that stir ineligible business to submit incorrect Employee...more

Fox Rothschild LLP

IRS Offers Employers a Chance to Withdraw Inaccurate Employee Retention Credit Claims

Fox Rothschild LLP on

Amid an ongoing federal crackdown on fraud in COVID-19 relief programs, the IRS announced that it will offer certain employers an opportunity to withdraw Employee Retention Credit (ERC) claims if they are concerned about...more

Fox Rothschild LLP

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

Fox Rothschild LLP on

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

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