Taking the Off Ramp: IRS Opens Limited Program To Return Wrongly Received Employee Retention Credits
By Matthew P. Chiarello and Carlene Y. Lowry The IRS continues to evaluate and process Employee Retention Credit (“ERC”) claims with a focus on inaccurate and ineligible filings. Among its efforts to police the ERC program, the IRS announced a new initiative that permits taxpayers to return ERCs to which the employer is not entitled […]
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3 min read
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Tagged: deadline, employee retention credit, ERC, erc-vdp, IRS, penalty, retention, voluntary disclosure program, withdrawal
Matthew P. Chiarello
Partner