ERC – Employee Retention Tax Credit – Update
Bad, Worse, and Ugly
Unfortunately, many businesses that could have survived are failing because they have not received the promised tax relief for paying their employees.
An attorney commented to us that his business bankruptcy filings are exploding.
The IRS suspended processing ERC refunds in September of 2023 and continues the moratorium today.
80 billion extra funded for the IRS and they still make excuses instead of working for the American taxpayer.
Worse yet, the IRS continued to request more legislation, as we speak; so they do not have to do their mandated job!
Now the IRS is backing legislation to retroactively deny refund claims.
You are RIGHT – You could not make this up.
Call if we can be of assistance.
David R Dye, CEP
804-745-4242