What was supposed to be a lifeline during the COVID-19 pandemic in the form of an Employee Retention Tax Credit (“ERTC”) has been subject to abuse by third party promoters that lure taxpayers into believing that they qualify for the credit when they may not have met the eligibility requirements under the IRS guidelines. The IRS has issued numerous notices and other guidance warning taxpayers of potential abuses.

In response to widespread abuse of the ERTC program, the IRS is offering taxpayers that may have not met the eligibility requirements the option to withdraw their claims. The IRS is also offering qualifying taxpayers the option to repay any refunds received on a penalty-free basis through a Voluntary Disclosure Program.

But taxpayers only have until March 22 to take advantage of this opportunity.

Join us for a timely webinar that will give an overview of the ERTC program, the associated risks, and the IRS programs.

Your business may be particularly vulnerable if:

  • The ERTC claim was prepared without close oversight by a qualified professional.
  • The vendor contracted to complete the ERTC claim was marketing aggressively.
  • You are concerned your claim submission may be illegitimate for any reason.

Now’s the time to closely evaluate any ERTC claim you’ve submitted.

Michael D’Addio, Principal, Tax & Business Services – Marcum LLP
Andrew Finkle, Partner, Tax & Business Services – Marcum LLP
David Shuster, Partner, Tax & Business Services – Marcum LLP

Program Description Avoid IRS Penalties on Fraudulent ERTC Claims
Important Notice Regarding CPE:
Instruction Delivery Method Group Internet Based
Recommended CPE Credit 1 Credit
Recommended Field of Study Taxes
Prerequisites None
Program Level Intermediate
Advance Preparation None
Cancellation Policy You may cancel your registration at any time prior to the event.
Complaint Resolution Policy For more information regarding refund, concerns and program cancellation policies, please contact our offices at [email protected].

Marcum LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional 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.NASBARegistry.org.