Stay updated with breaking news from Governmental Order. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
On Oct. 19, 2022, the IRS issued a warning to employers about what it calls “third parties” who promote claiming large employment tax refunds from improperly claiming the Employee Retention Credit (ERC).
IRS warning to employers about what it calls third parties who promote large employment tax refunds from improperly claiming the Employee Retention Credit ERC. The IRS also warned of third parties who prepare amended returns that either overstate the ERC computations.
They are not specific to loan agreements or even to banking agreements; they apply to all contracts. Under these regulations: