IRS creates withdrawal process for Employee Retention Credit (ERC) claims
Internal Revenue Service (IRS) sent this bulletin at 11/14/2023 10:56 AM EST
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IRS creates withdrawal process for Employee Retention Credit (ERC) claims The IRS recently announced a withdrawal process for ERC claims to help those who filed an Employee Retention Credit (ERC) claim and are concerned about its accuracy. This new withdrawal option allows certain employers that filed an ERC claim but have not received a refund to withdraw their claim and avoid future repayment, interest and penalties. Employers that submitted an ERC claim that's still being processed can withdraw their claim and avoid the possibility of getting a refund for which they're ineligible. For more information on who qualifies and how to withdraw an ERC claim refer to: IRS.gov/withdrawmyERC. Resources for help Fact Sheet 2023-24 contains more details about the ERC withdrawal process. Updated Frequently asked questions about ERC with new questions and answers. For information about choosing a trusted tax professional. Recorded Webinar Check IRS.gov/ERC for updates and other information relating to ERC. If you have a technical or procedural question relating to government entities, please visit IRS.gov/fslg. For employment tax and account related questions, call the Business and Specialty Tax Line at 800-829-4933. For guidance on the technical aspects for filing information returns through the Filing Information Return Electronically (FIRE) System call Technical Services Operation at 866-455-7438. |
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