Protecting Your ERC Rights Before Time Runs Out

A strict two-year deadline to file a refund lawsuit is approaching for denied Employee Retention Credit (“ERC”) claims, and taxpayers facing recapture on previously issued ERC claims have limited windows to challenge Internal Revenue Service (“IRS”) collection efforts. Furthermore, IRS appeals backlogs mean taxpayers cannot rely on the administrative process to timely resolve their claims before the statute of limitations to initiate a lawsuit expires.... By: Gray Reed