Date: March 1, 2024Attorney: Martin D. Hauptman

The IRS has identified key warning signs indicating potential inaccuracies in Employee Retention Credit (ERC) claims. Businesses must act swiftly to rectify any issues before the March 22, 2024 deadline.

Red Flags to Watch For:

  • Excessive quarter claims
  • Non-qualifying government orders
  • Inaccurate employee counts
  • Misattributing supply chain issues
  • Extended tax period claims
  • Invalid wage payments
  • Misleading promotional claims

Businesses with ineligible ERC claims can participate in the Voluntary Disclosure Program until March 22, 2024, with a 20% reduction on repayments.

Eligibility Criteria:

The ERC is solely available to eligible employers who paid wages between March 12, 2020, and January 1, 2022, excluding individual taxpayers.

Ensure ERC claims are accurate and compliant to avoid penalties. Seek professional guidance if needed and act promptly to resolve discrepancies before the deadline.

For additional details and tax advice, please contact Martin D. Hauptman at (973) 243-7912 or via email at