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IRS watchdog pushes for transparency on pandemic-era small business tax credit backlog

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With a backlog of about 1.4 million unprocessed employee retention credit claims, the National Taxpayer Advocate is pushing the IRS to expedite legit filings.

With a backlog of about 1.4 million unprocessed employee retention credit, or ERC, claims, the National Taxpayer Advocate is pushing the IRS to expedite legitimate filings.

But after a wave of "questionable claims," the IRS stopped processing new ERC claims in September and nearly all filings sent before the moratorium remain unworked. "The IRS is between the proverbial rock and a hard place when it comes to ERC claims," Collins said in a statement.

 

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IRS watchdog pushes for transparency on pandemic-era small business tax credit backlogWith a backlog of about 1.4 million unprocessed employee retention credit claims, the National Taxpayer Advocate is pushing the IRS to expedite legit filings.
Fuente: NBCLA - 🏆 319. / 59 Leer más »