IRS Imposes Moratorium on ERC

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.

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  • (00:00) - Federal Tax Updates Ep 17
  • (02:47) - Employee Retention Credit Refresher
  • (04:40) - ERC Fraud Concerns
  • (12:21) - ERC Moratorium
  • (25:13) - Amending Returns for ERC
  • (31:29) - Beneficial Owner Reporting
  • (46:18) - E-file Mandate for Informational Returns
  • (49:25) - IRS Hiring
  • (54:12) - Wrap Up and Remember To Subscribe

Creators and Guests

Annie Schwab, CPA
Annie Schwab, CPA
Franchisee Operations Manager at Padgett Business Services
Roger Harris, EA
Roger Harris, EA
President at Padgett Business Services
IRS Imposes Moratorium on ERC
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