The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

IRS Announces Withdrawal Program for ERC Claims

By CHRISTOPHER S. MAYNARD

In September, the IRS announced a moratorium on processing new Employee Retention Credit (ERC) claims through at least the end of 2023 amidst concerns about an inundation of improper claims.  The IRS has now released the details of a special withdrawal process to help those concerned about the validity of their ERC claims.

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