All posts by Max Shenker
Max Shenker provides another update on the backlog of unprocessed ERC claims at the IRS, which has more than doubled since the beginning of......
The IRS has reiterated warnings against improperly claiming the ERC, while the bureau also investigates fraud schemes including stolen ERC...
On March 23, 2023, fifteen Republican members of the House Ways and Means Committee sent a letter to the new IRS Commissioner, Daniel Werfel,...
President Biden's 2024 budget proposing giving the IRS more time to audit ERC claims, possibly reducing ERC payments by $2 million in fiscal year......
President Biden and the IRS are targeting COVID-relief and ERC fraud. A new IRS warning specifically calls out bad actors pushing ineligible people to......
Daniel Werfel, nominated to be the new IRS Commissioner, responded to these questions from Senators regarding delays to ERC...
The IRS has increased estimates for new Forms 941-X, but even this might be outstripped by the actual number of new ERC claims they...
California Governor Gavin Newsom included modifications to the New Employment Credit (NEC) in his latest budget. Learn what these changes...
The IRS is warning employers against ERC fraud. The following examples of fraudulent practices have resulted in fines and/or...
In September, we wrote about a Treasury Inspector General for Tax Administration (TIGTA) report highlighting processing delays at the IRS directly affecting ERC claims....
On September 19, 2022, the IRS published a news release regarding the Work Opportunity Tax Credit (WOTC), “IRS updates Information on tax credit helping...
Some tax advisors are misstating the rules related to deadlines for Employee Retention Credit (ERC) claims. They may say that amendments can be filed...
There are several updates for employer tax credit programs in recent weeks relevant to businesses. These include an explanation from the IRS Chief Counsel...
The ERC is based on a percentage of qualified wages but can vary depending on the determination of classifying as a large or small...
The Treasury Inspector General for Tax Administration has issued a new report on IRS ERC refund processing delays affecting...
The Inflation Reduction Act has implications for tax credits. Here's how it affects WOTC, Empowerment Zone credits, ERC and...