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Amid growing concerns of questionable Employee Retention Credit (ERC) claims, the Internal Revenue Service announced an immediate halt on processing new claims until January 2024. Payouts for ERC claims currently under review will continue, but at a slower rate. ERC claims will go from a standard processing goal of 90 days to 180 days.
IR-2023-169, Sept. 14, 2023 — Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least t...
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