News & Analysis as of September 11, 2025

Tax Planning

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IRS Changes Course on Income Tax Impact of Employee Retention Credit

Ballard Spahr LLP on 4/9/2025

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

Weekly IRS Roundup October 23 – October 27, 2023

McDermott Will & Schulte on 10/31/2023

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 23, 2023 – October 27, 2023...more

Worried About Your ERC Refund Claim? IRS Announces Process to Withdraw Pending Claims

Lowndes on 10/19/2023

If you listen to the TV or radio, you have probably heard advertisements about Employee Retention Credits (ERCs) and how employers may qualify for cash from the government. If you own a business, you have probably been...more

Employers Beware: IRS Cautions Employers Against Engaging Third Party Employee Retention Credit Consultants

Ruder Ware on 10/21/2022

Recently, we have been fielding a fair number of inquiries from clients who have been approached by third parties urging them to claim the Employee Retention Credit (“ERC”)... ...more

Tax Credits For Certain Employers Paying for Time Off For COVID-19 Vaccinations

CDF Labor Law LLP on 4/23/2021

On April 21, 2021, the Biden administration detailed the provision of tax credits for certain businesses that pay employees for time off to get COVID-19 vaccines or due to vaccine side effects. ...more

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