On December 6, 2023, the Internal Revenue Service (IRS) announced that it is mailing letters to more than 20,000 taxpayers disallowing their Employee Retention Credit (ERC) claims. The IRS notes that this “initial round” of disallowance letters is part of its “continuing efforts to combat dubious Employee Retention Credit (ERC) claims” and that the recipients are entities that either “did not exist or did not have paid employees during the period of eligibility.”Read More