Overview
Associate Caitlin Tharp authored an article titled, "How to Prepare for IRS Scrutiny of the Employee Retention Credit" for Bloomberg Tax Management Memorandum.
Unlike most other provisions of the tax code, the employee retention credit (ERC) has reached mainstream consciousness. Robocalls and television ads promise up to $26,000 per employee for businesses that were affected by COVID-19. Perhaps you are an employer who claimed an ERC refund based on one of these ads or after consulting with a tax professional. Whether you anticipated it or not, you are now in the IRS’s sights.
The full article can be read at Bloomberg Tax Management Memorandum.
Reproduced with permission from Tax Management Memorandum, 64 TMM 22, 10/02/2023. Copyright 2023 by Bloomberg Industry Group, Inc. (800-372-1033) http://www.bloombergindustry.com
