The IRS has updated its Employee Retention Credit (ERC) FAQ page. The new FAQs address ERC refund limitations enacted under the One Big Beautiful Bill Act. The tax law prevents the IRS from allowing or refunding ERCs after July 4, 2025, for the third and fourth quarters of 2021, if those claims were filed after Jan. 31, 2024, even if the taxpayer otherwise meets eligibility requirements. The new FAQs also discuss topics such as when a claim is considered to be timely filed and what appeals rights are available if an ERC claimed on a return is disallowed. Read the FAQs: https://bit.ly/47qDkCd
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