IRS Offers Additional Time to Correct Erroneous, Fraudulent ERC Claims by Joseph Leocata, JD, CPA, MBA
Posted on September 25, 2024 by Joseph Leocata
The IRS announced in August the reopening of a voluntary disclosure program (VDP) to help taxpayers fix and repay incorrect Employee Retention Tax Credit (ERC) claims without penalties, interest or criminal charges. Congress introduced the ERC in 2020 to provide businesses and nonprofits with economic assistance during the COVID pandemic. The ERC-VDP will run through […]