JournalofAccountancy

ERC voluntary disclosure program requiring 80% claim payback launched

Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...
NBC New York

IRS unveils ‘voluntary disclosure program' for businesses duped by pandemic-era tax credit

The IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands ...
Forbes

Nothing Lasts Forever: IRS Employee Retention Credit Voluntary Disclosure Program Ends Soon

The IRS’ second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money they received after filing ERC claims in ...
The National Law Review

IRS Announces Short-Term Voluntary Disclosure Program for Employee Retention Credits

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Newsweek

IRS Issues Urgent Warning Over Incorrect Claims

The Internal Revenue Service (IRS) has issued an urgent reminder to businesses to address improper Employee Retention Credit (ERC) claims through the agency's Voluntary Disclosure Program. With the ...
JournalofAccountancy

Enforcement, voluntary programs yield over $1 billion from ERC claims

The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ...
The National Law Review

IRS Announces Second Voluntary Disclosure Program to Resolve Improper Employee Retention Credit Claims

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...