ERC

IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
December 21, 2023  |  Disbursements

The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to...

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FinCEN Alerts Financial Institutions About Ongoing ERC-Related Fraud Schemes
FinCEN Alerts Financial Institutions About Ongoing ERC-Related Fraud Schemes
November 22, 2023  |  Security & Fraud

Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), said this...

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IRS Boosts Safeguards on Tax Credit to Prevent PPP-Like Fraud
IRS Boosts Safeguards on Tax Credit to Prevent PPP-Like Fraud
September 14, 2023  |  Regulation

The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of...

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