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

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Read more »