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Recent Editions
Accountancy Slice
North America
ERC voluntary disclosure program could be reopened
The IRS is considering reopening its employee retention credit voluntary disclosure program, allowing employers to voluntarily repay 80% of the amount received for improperly claimed ERC. In exchange, they would avoid penalties or interest, and the IRS would not investigate their tax returns. The program, which stopped accepting applications in March, may reopen in a reduced capacity.
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