JD Supra

ERC Voluntary Disclosure Program Re-Opens

On 7/15/24, the IRS announced via Notice IR-2024-212 the re-opening of the ERC (Employee Retention Credit) Voluntary Disclosure Program which will end on 11/22/24. The first ERC Voluntary Disclosure ...

IRS Seeks to Revive its Voluntary Disclosure Practice

The IRS’s Voluntary Disclosure Practice helps taxpayers fix past non-compliance with protections from prosecution. Due to low ...
Forbes

Nothing Lasts Forever: IRS Employee Retention Credit Voluntary Disclosure Program Ends Soon

The IRS’ second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money they received after filing ERC claims in ...
JD Supra

Employee Retention Credit Voluntary Disclosure Program to Be Reopened: What You Need to Know

On July 26, 2024, the IRS announced that they are in the final stages of reopening the Employee Retention Credit (ERC) Voluntary Disclosure Program. The ERC is a credit that was available to certain ...
The National Law Review

IRS Announces Second Voluntary Disclosure Program to Resolve Improper Employee Retention Credit Claims

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
JournalofAccountancy

Enforcement, voluntary programs yield over $1 billion from ERC claims

The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ...