ERTC NEWS ALERT

AccountingToday writes about the efforts of lawmakers to get the IRS to expedite ERTC filings for small businesses.

Lawmakers are asking the Internal Revenue Service to expedite the processing of Employee Retention Tax Credits and not to penalize small businesses for incorrectly paying their estimated quarterly taxes as they await their claims.

“The ERTC was unfairly cut short in the fourth quarter of 2021 and many of the small businesses and nonprofits are still waiting on relief from the third, the second, and even the first quarter of last year while processing was delayed eight to 10 months,” said  Rep. Carol Miller, D-West Virginia. Read more here.