ERC — IRS Withdrawal Process — What Should Business Owners Do? ...Middle East

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ERC — IRS Withdrawal Process — What Should Business Owners Do?
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS has been taking a hard eye at ERC filings given the significant number of pop-up shop promoters that have been out there ringing the bell and engaged in aggressive marketing. In response to concerns about these fly-by-night organizations that tell business owners they can complete an ERC filing in minutes – the IRS issued on September 14, 2023 a moratorium on processing new ERC claims. As I’ve written earlier, business owners need to be extremely eyes open about whether they qualify for the ERC or not. The IRS concerns about pop-up shop promoters i

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