If you submitted an ERC claim and were waiting on a credit, find out what steps to consider next.
By Leslie Boyd, Managing Principal, Manufacturing
With fraudulent claims on the rise, the IRS announced the processing of new claims for Employee Retention Credits (ERCs) will be suspended until the end of the year. With this action the IRS is buying time to determine the validity of current claims and weed out claims of concern.
In this article published by CLA’s Tax Professionals, The IRS is serious about cracking down on fraudulent ERC claims, you’ll get answers to questions including:
- Can manufacturers still file claims?
- What to consider when filing claims?
- What is the impact on wait times?
- What actions can be considered if there are concerns about a questionable provider who filed a claim?
If you need help navigating your options for an ERC claim in flight, let’s talk.
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