IRS Tips On Employee Retention Credit Refunds, ERC Audits & Fraud

The ERC is a refundable tax credit designed for businesses who continued paying employees while shut down due to the COVID-19 pandemic or who had significant declines in gross receipts from March 13, 2020, to Dec. 31, 2021. That’s a limited period, but businesses can typically file claims for the credit until April 15, 2025. Details are available at IRS.gov | Employee Retention Credit.

Basic Rules. Eligible taxpayers can claim the ERC on an original or amended employment tax return, and to be eligible, employers must have: