Tag: Voluntary Disclosure

IRS opens a supplemental claim process; Aims to help TPPs and their clients resolve incorrect ERC claims

The Internal Revenue Service announced this week yet another way for taxpayers to address incorrect Employee Retention Credit (ERC) claims. The agency announced it is opening a “supplemental claim process” to help third-party payers (TPPs) and their clients resolve incorrect claims for the ERCs. This means that TPPs, such as

IRS Urges Businesses to Take a Second Look at ERC Claims Ahead of Potential IRS Action

Taxpayers Could Face Penalties, Interest, and Audits If Claims Are Found to Be Erroneous The Internal Revenue Service (IRS) is stepping up its rhetoric regarding potentially fraudulent Employee Retention Credit (ERC) claims, urging businesses to withdraw erroneous claims before the IRS reviews them and issues penalties. Today, the IRS shared

Tag: Voluntary Disclosure

IRS opens a supplemental claim process; Aims to help TPPs and their clients resolve incorrect ERC claims

IRS Urges Businesses to Take a Second Look at ERC Claims Ahead of Potential IRS Action

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