IRS Releases Employee Retention Credit Update

Jul 3, 2024, 12:56 PM

(From Clifton Larson Allen) In a recent news release, the IRS announced it is prioritizing smaller, low-risk ERC claims for employers. During its moratorium, the IRS uncovered many improper claims and plans to deny tens of thousands. Taxpayers with pending claims but who believe they are improper can withdraw their claims for a refund. CLA can help assess the risk associated with your ERC claim and determine if you should revisit your eligibility.

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