2023-0915 IRS Announces ERC Moratorium
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2023-0915 IRS Announces ERC Moratorium
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On September 14, 2023, the Internal Revenue Service (IRS) announced an immediate moratorium on the processing of new Employee Retention Credit (ERC) claims until at least December 31, 2023. The FS team discusses what this means for taxpayers, the motivation behind the moratorium, the timing for the announcement, and what’s next.
Reference Materials: https://www.irs.gov/newsroom/to-protect-taxpayers-from-scams-irs-orders-immediate-stop-to-new-employee-retention-credit-processing-amid-surge-of-questionable-claims-concerns-from-tax-pros
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If you or a friend is interested in exploring tax strategy options, which includes the ERC and other tax incentives, you can