corporate-tax
ERC Tax Credit Update
Due to the 3-year statute of limitations for 941 amendments, the ERC has become increasingly relevant as the 2020 and 2021 quarterly amendments are nearing the final due dates. ERC claimants may file ERC-VDP to repay and avoid penalties and interest. Meanwhile, business owner awaiting approval of the ERC applications are eager for IRS processing updates.
December 22, 2023
