IRS Commissioner Danny Werfel recently said that the IRS is shifting its efforts after successfully clearing the backlog of valid Employee Retention Credit (ERC) claims. The agency will now focus its efforts on compliance work and putting in place additional procedures to handle fraudulent ERC claims. The ERC was enacted to help businesses during the COVID-19 pandemic. Many businesses legitimately applied for the credit, but Werfel said aggressive marketing involving “questionable claims” has overshadowed the program. The eligibility period for affected businesses is limited, covering only between March 13, 2020, and Dec. 31, 2021. Contact us if you have questions regarding the ERC. Contact us for additional qualifications. © 2023
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