The IRS’s second Voluntary Disclosure Program for employers who claimed improper COVID-related credits ended Nov. 22. However, certain programs for businesses with Employee Retention Tax Credit (ERTC) claims that haven’t been processed remain open. The Claim Withdrawal Program is available for businesses that request the IRS not process ERTC claims that haven’t yet been paid. The IRS will treat the claims as though the taxpayers never filed them. No interest or penalties will apply. Also, the IRS extended a similar program for third-party payers through Dec. 31, 2024. The consolidated claim process for third-party payers was set to close Nov. 22. For more details: https://bit.ly/495NM0M
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