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Employee Retention New Guidance Today's Popular Updates

Ballard Spahr LLP

IRS Changes Course on Income Tax Impact of Employee Retention Credit

Ballard Spahr LLP on

On March 20, 2025, the IRS updated its guidance to employers that claimed the employee retention credit (ERC). The updated guidance materially differs from prior IRS guidance of how and when employers should report the income...more

Gould + Ratner LLP

IRS Issues Additional Guidance for Claiming the Employee Retention Tax Credit

Gould + Ratner LLP on

Last week, the IRS issued additional guidance on the employee retention tax credit, including information regarding the expansion of the credit to certain wages paid during the third and fourth calendar quarters of 2021 and...more

White & Case LLP

US IRS Provides Guidance Regarding Employee Retention Tax Credit Under the CARES Act

White & Case LLP on

Pursuant to the federal Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), enacted on March 27, 2020, eligible employers are granted an employee retention tax credit against applicable employment taxes (the...more

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