Act now to resolve incorrect ERC claims before March 22
|
|||
Tax Resources for Small BusinessSmall Business Self-Employment Center Small Business Forms & Instructions Small Business Tax Workshops, Meetings and Seminars Self-Employed Individuals Tax Center Other ResourcesForms, Instructions & Publications Retirement Plans for Small Entities and Self-Employed Tax Information for Charities
|
Issue Number: 2024-05Check Employee Retention Credits and resolve incorrect claims before March 22Every business that filed for the Employee Retention Credit (ERC) should act now to make sure they didn’t incorrectly claim the credit. The IRS has two limited-time options to help businesses voluntarily resolve incorrect claims:
Some promoters misled businesses into improperly filing for the credit when the business didn’t qualify to claim it. Some promoter groups called the credit by another name, such as a grant, business stimulus payment, government relief or other names. Even if terms such as Employee Retention Credit or Employee Retention Tax Credit don’t sound familiar, businesses should still review their records to make sure they didn’t incorrectly claim this pandemic-era credit. ERC resources
Additional information
Thank you for subscribing to this IRS email service. This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message. |
This email was sent to 64irs28@cpaemailnewsletter.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535 |