On September 14, the IRS announced that it would stop processing new claims for the Employee Retention Credit (ERC) through at least December 31, 2023, citing serious concerns about "aggressive promoters" that it says are pushing employers to make questionable and even fraudulent claims to the ERC. The IRS also extended its processing time for existing claims from 90 to 180 days and hinted at forthcoming relief provisions for taxpayers who were victims of unscrupulous ERC promoters and made false claims to credits. Finally, the IRS emphasized that it continues to pursue "thousands" of civil audits and "hundreds" of criminal investigations against both promoters and employers that made false claims to the ERC and is devoting additional resources to these efforts.
IRS Presses Pause on Processing New ERC Claims
Frost | Sep 2023
IRS Won't Process New Employee Retention Credit (ERC) Claims
Kiplinger | Sep 2023
Press release: IRS orders immediate stop to new Employee Retention Credit processing
IRS | Sep 2023
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IRS: Beware of Third-Party Scams
IRS Renews Warning on Employee Retention Credit Fraud, DOJ Files First Criminal Charges
Fox Rothschild | Mar 2023
IRS Warns Employers About Third Parties Promoting ERC Claims
American Payroll Association | Oct 2022
Employers warned to beware of third parties promoting improper Employee Retention Credit claims
IRS | Oct 2022
Additional Articles
The Employee Retention Tax Credit: Retroactive Filing Is Ongoing Through 2024
Ogletree via SHRM | Oct 2022
Deadlines to Retroactively Claim Employee Retention Tax Credit Extend to 2024 or 2025
Paychex | Nov 2022
Checking Employee Retention Credit Claims Before the IRS Does
Bloomberg Tax | Nov 2022
Who Actually Qualifies for the Employee Retention Credit?
CPA Practice Advisor | Oct 2022
Employee retention credit: Navigating the suspension test
The Tax Adviser | Oct 2022
Clarifying Misconceptions Surrounding the Employee Retention Credit
Dickinson Law | Sep 2022
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