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ERC Update – March 2025

On March 20, 2025, the IRS released new FAQs covering the income tax reporting of Employee Retention Credit (ERC) claims. According to the IRS, taxpayers will no longer be required to amend a prior year income tax return to adjust the wage expense as a result of an ERC…

April 4, 2025

IRS Update on Employee Retention Credits

The IRS released an update on their review of the Employee Retention Credit (ERC). You may recall the IRS announced last fall a moratorium on processing claims submitted after September 14, 2023, to give the agency time to digitize information on the large study group of nearly 1 million ERC…

July 11, 2024