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  2. IRS tells small businesses to withdraw ineligible claims for ...

    www.aol.com/finance/irs-tells-small-businesses...

    The announcement revolves around the employee retention credit, ... payrolls and 2025 for 2021 payrolls, the IRS had paused processing and accepting new applications until further notice due to ...

  3. Employee Retention Credit - Wikipedia

    en.wikipedia.org/wiki/Employee_Retention_Credit

    A 70-percent tax credit on up to $10,000 per employee per quarter means the maximum Employee Retention Credit is $7,000 per employee per quarter in 2021. [ 19 ] For 2021, if the employer had an average of 500 or fewer full-time employees [ h ] in 2019, then all of the employer's employees are eligible employees.

  4. IRS will pause taking claims for pandemic-era tax credit due ...

    www.aol.com/news/irs-pause-taking-claims...

    The credit ended on Oct. 1, 2021, but businesses could still apply retroactively by filing an amended payroll tax return. IRS will pause taking claims for pandemic-era tax credit due to an influx ...

  5. IRS rejects claims from 20,000 taxpayers for lucrative small ...

    www.aol.com/finance/irs-rejects-claims-20-000...

    The IRS sent out 20,000 correspondence letters disqualifying these taxpayers from claiming the Employee Retention Credit, or ERC. ... the legal requirements," IRS Commissioner Danny Werfel said in ...

  6. There’s Still Time for Your Small Business To Claim the ...

    www.aol.com/still-time-small-business-claim...

    You might still have time to claim the Employee Retention Credit ... (IRS). However, for 2021, the ERC was raised to 70% of the first $10,000 in wages per employee in each quarter of 2021 ...

  7. Breaking Down the Employee Retention Tax Credit - AOL

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  8. Do I Need to Pay Taxes on the Employee Retention Credit? - AOL

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  9. The IRS is right to scrutinize pandemic-era employee ... - AOL

    www.aol.com/finance/irs-scrutinize-pandemic-era...

    Last month, the Internal Revenue Service (IRS) announced an extension of a pause on processing Employee Retention Credit (ERC) claims submitted after Sep. 14, 2023.

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