IRS releases details on how to withdraw ERC claims
BMT Office Administration
OCTOBER 26, 2023
The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible. Big break: The IRS will treat withdrawn claims as if they were never filed, so no penalties or interest will be levied. The IRS has added more FAQs on this process.
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