Hey ,
I am writing to share some important news about the Employee Retention Credit (ERC), a refundable tax credit for businesses that continued paying employees during the COVID-19 pandemic.
The IRS has recently announced a special withdrawal process for employers who filed an ERC claim and are concerned about its accuracy. This process allows employers to withdraw their claim and avoid future repayment, interest and penalties if they have not received or cashed their refund check.
The IRS has also announced a moratorium on processing new ERC claims until the end of this year due to a flood of ineligible claims.
If you have filed an ERC claim or are planning to do so, I urge you to review the details of the withdrawal process and the moratorium at IRS.gov/withdrawmyerc. You
should also consult with a trusted tax professional who understands the complex ERC rules, not a promoter or marketer who may try to scam you.
The ERC is a complex credit with precise requirements, and the IRS is intensifying its audit and criminal investigations on dubious claims. Please be careful and cautious before applying for the ERC, and do not fall for any aggressive or fraudulent schemes.
If you have any questions or concerns, please feel free to contact me at 202-618-1297, or click the link below. I am here to help you navigate this challenging situation.
