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IRS Moratorium on Processing New Employee Retention Credit (ERC) Claims

Employee Retention Credit (ERC) Claims

In mid-September, the IRS announced a moratorium on processing new employee retention credit (ERC) claims through at least December 31, 2023. Tax professionals and businesses should welcome this change, as the program has been overrun with wrongful claims (up to 95% wrongful claims recently, according to the IRS).

With this action, tax pros and businesses may think ERC is dead, or be afraid of putting in claims. One thing to be clear on is, the program is still active. And, a legitimate claim is not a scam. There’s no reason for a business that legitimately qualifies to not apply.

Join us this December to learn the latest updates on the ERC, who qualifies and what you can do now to help small businesses take advantage of what might be a substantial cash refund from the IRS.

This training is kept “up-to-the-minute,” so anything new that comes along will be a part of the presentation.
 

What You will Learn

- Impact of the IRS moratorium on processing new ERC claims.
- Evaluate and apply the IRS’s perspective on supply chain disruptions as a qualifier.
- Analyze the 3 ways to qualify for ERC.
- Define what “wages” are for ERC purposes.
- Discuss the basics of the aggregation rules.
- Evaluate the impact of ERC on income tax returns.
- Discuss credit amount and tax deductions.
- MORE – anything new with ERC will be discussed as well!
 

Who Will Benefit

- Accountants
- CPAs
- Enrolled Agents
- Tax Preparers
- Attorneys

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