# erc tax credit

Retain Employees and Score a Tax Credit: ERC » Did your small business retain employees during 2020 and 2021 slowdowns? You may be eligible for the employee retention tax credit or ERC. Lendio.com

What is the Employee Retention Credit? | Paychex » Update: There is proposed legislation that could end the employee retention tax credit retroactive to Jan. 31, 2024, as Congress looks for ways to allocate money toward other tax bill initiatives such as business tax breaks and child tax credit benefits, to name a few. If this passes, the IRS will accept no new ERTC submissions past that proposed date. The IRS was in the midst of the pause placed on reviewing any submissions that arrived after Sept. 14, 2023, as they attempted to ferret out bad actors and their fraudulent claims. Paychex.com

Here's what tax pros recommend after the IRS halts processing for small business tax credit » As the IRS pauses on processing new employee retention tax credit claims, some filers are in limbo as the agency works on further guidance. Here's what to know. Cnbc.com

IRS Places Moratorium on New Employee Retention Tax Credit Processing » On September 14, 2023, the Internal Revenue Service (IRS) released Employee Retention Credit (ERC) guidance placing a moratorium on processing new ERC claims due to a surge in questionable claim submissions. Ogletree.com

IRS rejects more than 20,000 refund claims for pandemic-related tax credit » The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention tax credit. Here's what filers need to know. Cnbc.com