As of October 12, 2023, the IRS stated that there are still 162,000 unprocessed Form 941s, and 849,000 unprocessed Form 941-Xs claiming the ERC. The Forms are processed in the order of receipt ...

But the IRS can file a lawsuit within two years of payment, even if later than the usual three-year statute of limitations," she advised. "As of June 14, 2023, there were about 537,000 unprocessed ...

The Employee Retention Credit (ERC) ... A business has up to three years into the future to file an amended IRS Form 941-X for each quarter they qualify for, in order to claim the ERC tax credit.

Retroactively terminating the ERC could deal a blow to business owners who filed their claims closer to the April 15 deadline, which, again, was still in compliance with the original deadline set ...

The ERC can be up to $5,000 per employee (for 2020) and up to $21,000 per employee in 2021 so long as an eligible business paid qualifying wages. Overall, the credit is 50% of up to $10,000 in ...

The program requires qualifying businesses to repay 80% of their ERC claim, the IRS announced. Program participants will not be charged underpayment interest, and the IRS will not assert civil ...

The IRS identified another wave of warning signs related to incorrect Employee Retention Tax Credit (ERC) claims. The latest handful of red flags come from common issues IRS compliance teams have ...

In a release yesterday, the ERC stated that it was recently made aware of the song “Good Like Jesus” by Jamaican artist Vybz Kartel, which it says contains “blasphemous and deeply offensive ...

The Ethnic Relations Commission (ERC) in a release yesterday expressed deep concern over what it sees as the increasing tensions in several communities, with the approach of the official campaign ...

The ERC said that it is “formally” calling for the “song to be banned from the airwaves in Guyana and to be removed from all digital platforms and cease any form of public dissemination ...

Santander will allow customers to make an early repayment charge (ERC)-free overpayment before you submit a product transfer ...