IRS continues compliance activity for the Employee Retention Credit (ERC) & calls on employers to review their ERC qualifications

Employee Retention Credit (ERC) page at IRS.gov.

Businesses that meet certain requirements may be able to participate in the IRS Voluntary Disclosure Program. The deadline is March 22, 2024.

The IRS is having a Free VDP webinar – Thursday, Feb. 8 at 2 p.m. EST. It’s primarily aimed at tax professionals, however; the webinar may also be useful to others interested in this topic. Those who want to attend need to register for it.

For those with unprocessed claims, the IRS continues to accept and process requests to withdraw an employer’s full ERC claim under the withdrawal process.