ERC withdrawal, Dirty Dozen tax scams, employment taxes

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e-News for Payroll ProfessionalsApril 26, 2024

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Issue Number:  2024-05

Inside This Issue

  1. Employee Retention Credit withdrawal program still open
  2. IRS warns about spearphishing attacks to get client information
  3. New webpage addresses common errors to correct employment tax
  4. Other tax news

 1.  Employee Retention Credit withdrawal program still open


The IRS announced that compliance efforts related to erroneous Employee Retention Credit claims have topped over $1 billion so far.

Commissioner Danny Werfel said, “The IRS has made important progress in our compliance efforts protecting more than $1 billion in revenue in just six months, but we remain deeply concerned about widespread abuse involving these claims that have harmed small businesses. We are encouraged by the results so far of our initiatives designed to help misled businesses and the IRS will continue our broader compliance work given the aggressive marketing we’ve seen with this credit.”

The ERC Voluntary Disclosure Program was suspended after March 22. However, payroll companies can still use the claim withdrawal program to help clients resolve incorrect ERC claims. Resources to help:

Frequently asked questions about ERC including eligibility, tips for payroll companies, claim withdrawal and more
• ERC Eligibility Checklist (interactive and printable guide)

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 2.  IRS warns about spearphishing attacks to get client information


While the term phishing may be familiar to some, the IRS’s Dirty Dozen article regarding spearphishing further explains the invasiveness of this scheme. Spearphishing targets specific individuals, organizations or businesses, typically using malicious emails. Learn about new client scams, resources to report scams and how to protect data.

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 3.  New webpage addresses common errors to correct employment tax


The IRS has a new landing page for correcting employment taxes which provides information about common errors and a helpful chart to figure out which corrected form an employer needs to file based on the original return.

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 4.  Other tax news


IRS kicks off Small Business Week the week of April 29, 2024, through May 3, 2024.

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