Will the IRS Deny Your Claim for the Employee Retention Tax Credit?
Withum
JUNE 24, 2022
When it was first enacted on March 27, 2020 as part of the CARES Act, it received little fanfare because taxpayers that received a forgivable loan under the paycheck protection program (PPP) were prohibited from claiming the ERC. Did the taxpayer rely on the safe harbor for business combinations in 2020 and in 2021?
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