IRS Says Essential Businesses Don’t Qualify for the ERC – But Did They Contradict Themselves?
In a recent press release, the IRS seems to take the position that essential businesses are IN-ELIGIBLE for the ERC. This release has created much angst among business owners who claimed the ERC, and were deemed essential and were able
5 New IRS Warning Signs for ERC Claims: A Guide to Avoiding Errors
The IRS recently released a new press release detailing five new warning signs for businesses claiming the Employee Retention Credit (ERC). With 100s of pages of rules, the ERC can be complex to navigate. The IRS has emphasized the importance
7 Warning Signs from the IRS | Correcting Mistakes and Pitfalls to Avoid
The IRS recently released 7 Warning Signs Employee Retention Claims (ERC) May Be Incorrect. Here's a comprehensive guide to understanding eligibility, avoiding common pitfalls, and correcting mistakes related to ERC claims.Evaluating Eligibility Across QuartersTypically, eligibility for ERC claims diminishes as
IRS Lifts Moratorium – Don’t Celebrate Yet
The recent press release from the IRS provides critical insights into how they plan to enforce and audit Employee Retention Credit (ERC) claims moving forward. Here are some of the key highlights:Protecting TaxpayersThe IRS emphasized that its primary goal is