IRS Implements ERC Moratorium
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros.
In response to recent concerns regarding improper Employee Retention Credit (ERC) claims, the IRS has taken swift action to safeguard small businesses. Starting September 14, they've initiated a moratorium on new ERC claims. You can read the full IRS announcement to understand the details and implications.
Rest assured, we're here to assist you.
Despite the ERC moratorium, our team can help you complete your filing in expectation of submissions being accepted in the new year. We can also help you explore other available tax credits and incentives that your business may qualify for in the meantime.