JournalofAccountancy

ERC voluntary disclosure program requiring 80% claim payback launched

Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...
NBC New York

IRS unveils ‘voluntary disclosure program' for businesses duped by pandemic-era tax credit

The IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands ...
The National Law Review

IRS Announces Second Voluntary Disclosure Program to Resolve Improper Employee Retention Credit Claims

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Forbes

IRS Urges Businesses To Come Clean With New ERC Voluntary Disclosure Program

Citing the Employee Retention Credit—or ERC—as a “major concern,” the IRS has announced a voluntary disclosure program for businesses who want to pay back the ...
Reuters

Criminal Division's new voluntary self-disclosure program still uncertain and risky

April 29, 2024 - On April 15, 2024, the Department of Justice released its "Criminal Division's Pilot Program on Voluntary Self-Disclosures for Individuals." Similar in many ways to programs ...