IRS Issues New FAQ on Employee Retention Credit Regarding Amending Income Tax Returns
On March 20, 2025, the IRS released updated guidance on the Employee Retention Credit (ERC), clarifying how taxpayers should handle the wage expense reduction associated with the credit. These updates are critical for corporate tax advisors navigating ERC claims, amended returns, and potential tax consequences for their clients. Key Takeaways from the IRS FAQ Update … Read more
