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Oct 3, 2023 52 min

IRS Imposes Moratorium on ERC

from Federal Tax Updates Hosted by Roger Harris, EA and Annie Schwab, CPA

Roger and Annie discuss updates on the employee retention tax credit, including the IRS's new moratorium on processing claims, as well as new requirements for reporting beneficial owners coming in 2023 which have tight 30-day reporting deadlines. They also cover the IRS's changing audit focus to target more complex returns like partnerships and high net-worth individuals, along with the IRS actively hiring for these new audit priorities. Sponsors Padgett - Contact Padgett or Email Jeff Phillips Get NASBA Approved CPE or IRS Approved CE Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode. Connect with the Hosts on LinkedIn Roger Harris Annie Schwab Review Leave a review on Apple Podcasts or Podchaser Subscribe Subscribe to the Federal Tax Updates podcast in your favorite podcast app! This podcast is a production of the Earmark Media The full transcript for this episode is available by clicking on the Transcript tab at the top of this page All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only. (00:00) - Federal Tax Updates Ep 17 (02:16) - Employee Retention Credit Refresher (04:09) - ERC Fraud Concerns (11:50) - ERC Moratorium (24:42) - Amending Returns for ERC (30:15) - Beneficial Owner Reporting (45:04) - E-file Mandate for Informational Returns (48:11) - IRS Hiring (52:58) - Wrap Up and Remember To Subscribe

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IRS Imposes Moratorium on ERC

0:00 52:39

Chapters

  1. 0:00 Federal Tax Updates Ep 17
  2. 2:16 Employee Retention Credit Refresher
  3. 4:09 ERC Fraud Concerns
  4. 11:50 ERC Moratorium
  5. 24:42 Amending Returns for ERC
  6. 30:15 Beneficial Owner Reporting
  7. 45:04 E-file Mandate for Informational Returns
  8. 48:11 IRS Hiring

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How long is this episode of Federal Tax Updates?

This episode is 52 minutes long.

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This episode was published on October 3, 2023.

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