What’s new with the IRS’s Employee Retention Tax Credit (ERTC) investigations? The agency has announced that it’s currently processing approximately 400,000 ERTC claims. This batch includes eligible and ineligible claims, with the eligible claims having an estimated value of $10 billion. Those filers deemed eligible can expect to receive refund checks in the mail in the coming months. ERTC claims found to be suspicious or improper may result in IRS audits and civil and criminal investigations of potential fraud and abuse. The Voluntary Disclosure Program, which allows some taxpayers to withdraw ERTC claims, remains open until Nov. 22, 2024. For more information: https://bit.ly/49g2Pnr. Contact the Cg Team with questions. © 2024