# erc tax credit

IRS rejects more than 20,000 refund claims for pandemic-related tax credit » The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention tax credit. Here's what filers need to know. Cnbc.com

Here's what tax pros recommend after the IRS halts processing for small business tax credit » As the IRS pauses on processing new employee retention tax credit claims, some filers are in limbo as the agency works on further guidance. Here's what to know. Cnbc.com

TAS Tax Tip: Don’t Fall Victim to an Employee Retention Credit Scheme » Aggressive marketers and scammers have their targets set on the Employee Retention Credit (ERC). You may have seen television commercials or received emails promising employers payouts of this pandemic-related refundable tax credit. Taxpayeradvocate.irs.gov

The IRS Froze a Big Tax Credit. It Didn’t Stop All the Money From Flowing. » Some financing firms are marketing bridge loans and cash advances to small businesses facing longer waits for ERC tax refunds. Wsj.com

TAS Tax Tip: Waiting on an Employee Retention Credit Refund? » The ERC is a complex tax credit for businesses and tax-exempt organizations that kept paying employees during the COVID-19 pandemic. Taxpayeradvocate.irs.gov

IRS Places Moratorium on New Employee Retention Tax Credit Processing » On September 14, 2023, the Internal Revenue Service (IRS) released Employee Retention Credit (ERC) guidance placing a moratorium on processing new ERC claims due to a surge in questionable claim submissions. Ogletree.com