In advance of the March 22 deadline to apply for the IRS’s Voluntary Disclosure Program to correct improper Employee Retention Tax Credit (ERTC) claims, the agency has issued seven red flags of a bad claim. Indeed, to combat a wave of dubious ERTC claims, the IRS has sharply increased compliance action through audits and criminal investigations, with more activity planned in the future. One of the red flags is claiming the ERTC for too many calendar quarters. Some bad-faith promoters urged businesses to claim the ERTC for all quarters that the credit was available. The IRS said that qualifying for all quarters is uncommon. For more information on the seven red flags: https://bit.ly/43pvq8r
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