The IRS Sends 20,000 ERC Disallowance Letters
Cracking Down on Compliance On December 6, 2023, the IRS announced they were sending 20,000 letters to taxpayers, notifying them of disallowed ERC claims. The Employee Retention Credit is a refundable credit meant to reward businesses for continuing to pay employees through periods of government shutdowns or significantly reduced revenues due to the COVID-19 pandemic. […]