Employee Retention Credit Update

2 CPE for AFSP, EA, CPA, CRTP

In October 2024, the IRS announced it was processing approximately 400,000 ERC claims, totaling about $10 billion. Despite this progress, a report to Congress revealed that the IRS still had about 1.2 million unprocessed ERC claims, highlighting ongoing delays. To address the backlog and ensure compliance, the IRS has been issuing disallowance and recapture letters to entities with improper claims. We will also discuss the credit’s current state of affairs, including congressional action, audits and litigation.

Objectives
Upon completion of this session, you will be able to:

Advise clients about the credit’s current state of affairs
Influence an auditor or appeals officer about the strength of your client's claim
Identify taxpayers who should consider offensive litigation (refund claims)
Explore divisible taxes and get a case is ready for defensive litigation
Explain the impacts of the Supreme Court’s Loper Bright decision
Understand and apply Section 280C when amending returns

CPE information
Duration: 100 minutes
Course level: Update
Prerequisite: Basic knowledge of ERC
Advanced preparation: None
Delivery method: Group Live

Peter Haukebo, Esq.

Director at Frost Law