Remove blog erc-voluntary-disclosure-program
article thumbnail

Top searched terms on Checkpoint Edge show a continued interest in the ERC

ThomsonReuters

According to our most recent analysis, some of the most searched terms within Checkpoint Edge are tax credits, Employee Retention Credit (ERC) , and the Inflation Reduction Act (IRA). Because the ERC expired for most employers on September 30, 2021, the credit is claimed by submitting an amended employment tax return on Form 941-X.

article thumbnail

Legal Tax Expert Discusses AI in IRS Auditing and the Future of the ERC

ThomsonReuters

Creech provided an example from several years ago where the IRS created a program called the “Reasonable Cause Assistant” (RCA), a computer-based decision support system designed to help IRS employees make fair and consistent abatement decisions based upon reasonable cause for failure to file, pay, and deposit penalties under Code Sec.

audit 98