Attorney William (Bill) Smith has been named one of America’s Top 100 Criminal Defense Attorneys. He practices as Smith & Kramer, P.C. and Of Counsel at Dickinson Bradshaw.

The honor highlights the accomplishments of the nation’s most esteemed and skilled White Collar and General Criminal Defense Attorneys. Only 100 attorneys in each state

Unfortunately, it looks like taxpayers who filed for the Employee Retention Credit (“ERC”) — both before and after the IRS’s moratorium on processing ERC claims — may be waiting years before they receive their emergency COVID-relief payments. Luckily, taxpayers have a mechanism to expedite the process. 

Official Reports of Delays in Processing ERC Claims

While there

The IRS has repeatedly warned taxpayers of aggressive marketing and scams regarding the Employee Retention Credit.  On October 19, 2023, the IRS announced a withdrawal process for Employee Retention claims, which is a special initiative aimed at helping businesses concerned about an ineligible claim.

According to the IRS:  

“This new withdrawal option allows certain employers

The IRS issued a moratorium on processing new Employee Retention Credit (“ERC”) claims due to evidence suggesting a growing number of improper claims being filed. The moratorium began on September 14, 2023, and is effective until, at least, December 31, 2023. Our firm has since been inundated with questions and concerns as to how this

Does the disruption of an employer’s supply chain during the Covid pandemic qualify them for the Employee Retention Credit (“ERC”)? The IRS is leaning towards no.

In a Generic Legal Advice Memorandum (“GLAM”), dated June 30, 2023, the IRS illustrated five separate scenarios in which a disruption to an employer’s supply chain do not qualify the

“For the start of the annual Dirty Dozen list of tax scams, the IRS spotlighted Employee Retention Credits following blatant attempts by promoters to con ineligible people to claim the credit.”  — IRS, March 20, 2023.”

Our previous blog about the Employee Retention Credit discussed some common misconceptions regarding the ERC. Since posting the

The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. A refundable payroll tax credit for businesses meeting certain requirements that was enacted alongside the Paycheck Protection Program in 2020, the ERC was widely overlooked until recently. Despite its rise in popularity, law firms in the U.S. may be overlooking

The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. Enacted alongside the Paycheck Protection Program in 2020, the ERC was widely overlooked until recently. As the ERC has become more widely discussed, several misconceptions about the ERC have popped up, leading many to believe—incorrectly—that their business does not qualify