In the new October 2024 edition of The Iowa Lawyer, Attorney Cody Edwards provides an update on the issues that continue to impact taxpayers who claimed the COVID-era Employee Retention Credit.
As a tax attorney at Dickinson Bradshaw, Cody has helped taxpayers throughout the United States navigate employee retention credit issues.
We’re pleased to announce two additions to our legal team. Attorney Anthony Siegrist has joined Dickinson Bradshaw as an associate, and Arturo Montes, a Drake Law student, has joined the firm as a law clerk.
Anthony Siegrist
Anthony earned his Juris Doctorate degree in May of this year from Creighton University School of Law, and…
The IRS has sent you a letter indicating it disallowed your employee retention credit claim. Whether or not the IRS’s letter informs you of it, you have the right to appeal the IRS’s determination. You may appeal by filing a formal protest, or you may file a refund suit. I have explained the process for filing a…
After months of silence, on June 20, 2024, the IRS issued a news release (IR-2024-169) providing an update on the employee retention credit (“ERC”). In a nutshell, based on a “detailed review to protect taxpayers” and “analyzing data,” the IRS created three categories of ERC claims based on “risk levels” and explained how it intends…
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…
The IRS has repeatedly warned businesses of promoters presenting wildly misleading claims about the Employee Retention Credit (“ERC”), leading to “many invalid [ERC] claims . . . coming into the IRS.” Indeed, the ERC made the top of the list of the IRS’s “2023 Dirty Dozen” list of “12 scams and…
