Hello There!,

The IRS recently announced a voluntary disclosure program for questionable ERC claims. Under the program, businesses can “pay back the money they received after filing ERC claims in error,” the IRS explains.

The program, announced on December 21, 2023, came two months after the IRS ordered a moratorium through at least the end of 2023 on processing new claims for the COVID-19 relief program. The tax agency stated that the move was made “to protect honest small business owners from scams” and to safeguard the tax system from fraud.

IRS Commissioner Danny Werfel ordered the moratorium following growing concerns from inside the tax agency and from tax professionals that a substantial share of claims from the program were ineligible. In addition, the IRS stated that businesses were increasingly being put “at financial risk by being pressured and scammed by aggressive promoters and marketing.”

Read our blog post to learn how the program works and the qualifications to apply.

Contact us if we can be of assistance.

Thank you.

Paul Mashburn, CPA