Because the early termination of the Employee Retention Credit (ERC) is retroactive, some of your business clients may have utilized one of the available options to claim those tax credits in advance during the fourth calendar quarter. New IRS guidance released on December 6, 2021, discusses the requirements to repay those amounts and the penalty relief available. Additionally, a bipartisan group of Congressional representatives introduced the “Employee Retention Tax Credit (ERTC) Reinstatement Act” to undo the early termination of the ERC that was enacted by the Infrastructure bill on November 15, 2021.
Program Level: Intermediate
Field of Study: Taxes - Technical
Advance Preparation Needed: None
Delivery Method: Group-Internet Based
Recommended CPE Credit: 1 credit per 50-minute session
Registration Instructions: Register Online
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Sift Media is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
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Matt joined Experian in 2021 to lead the multi-state tax incentive practice, bringing over 15 years of experience serving clients in international tax, state and local tax, and tax incentives. Prior to joining Experian, Matt served as the East...
Katie has been at TCC (now a part of Experian) for over 6 years, having previously spent 10 years in KPMG’s NYC office, focusing on managing R&D tax credit studies, IRS examinations of R&D claims, and Section 199 manufacturing deductions. She has...