IRS Suspends Processing of ERTC Claims: What You Need to Know

Why the IRS has stopped processing claims for this credit

Podcast Highlights

• The IRS recently stopped processing Employee Retention Tax Credit (ERTC) claims.
• What Is the ERTC?
• The ERTC was introduced back during COVID.
• It was a pandemic related tax credit that offered money back or help to employers who continued to retain their employees during the middle of COVID.
• During certain quarters of 2020 and 2021, small businesses were eligible for this credit if they were partially or fully shut down by a COVID lockdown or restriction.

See more here: https://sba.thehartford.com/media/podcasts/irs-suspends-processing-of-ertc/