Continuing on the theme of the ERC moratorium, the FS team discusses one of the motivations behind the release of the moratorium: to reduce the prevalence of fraud. As with many tax programs, the ERC has caught the attention of bad actors seeking to take advantage. This episode includes examples of some of the boldest attempts at fraud that we have seen.

Figuratively Speaking is hosted by Ashlee Hall, Jeneanne Orlowski, and Travis Slade. Find us on social media:

• Instagram: @_figurativelyspeaking_

• Facebook: @Figuratively.Speaking.2023

If you or a friend is interested in exploring tax strategy options, which includes the ERC and other tax incentives, you can speak to a tax expert by calling 1-877-901-1066 or emailing [email protected].

The Research & Development (R&D) Tax Credit is a powerful tax incentive for American businesses, but it is complicated to say the least. This episode is packed with details on the types of industries that commonly qualify for the credit, important considerations when claiming the credit, how to qualify for the credit, and the limitations of the credit.

Figuratively Speaking is hosted by Ashlee Hall, Jeneanne Orlowski, and Travis Slade. Find us on social media:

• Instagram: @_figurativelyspeaking_

• Facebook: @Figuratively.Speaking.2023

If you or a friend is interested in exploring tax strategy options, which includes the R&D Credit and other tax incentives, you can speak to a tax expert by calling 1-877-901-1066 or emailing [email protected].

As promised in the IRS announcement of the ERC processing moratorium, the IRS released the details of the ERC withdrawal program on October 19, 2023. This episode includes details on who qualifies for the withdrawal program, how to request an ERC claim withdrawal, and the pros/cons of the program.

Reference Materials: https://www.irs.gov/newsroom/withdraw-an-employee-retention-credit-erc-claim

Figuratively Speaking is hosted by Ashlee Hall, Jeneanne Orlowski, and Travis Slade. Find us on social media:

• Instagram: @_figurativelyspeaking_

• Facebook: @Figuratively.Speaking.2023

If you or a friend is interested in exploring tax strategy options, which includes the ERC and other tax incentives, you can

On September 14, 2023, the Internal Revenue Service (IRS) announced an immediate moratorium on the processing of new Employee Retention Credit (ERC) claims until at least December 31, 2023. The FS team discusses what this means for taxpayers, the motivation behind the moratorium, the timing for the announcement, and what's next.

Reference Materials: https://www.irs.gov/newsroom/to-protect-taxpayers-from-scams-irs-orders-immediate-stop-to-new-employee-retention-credit-processing-amid-surge-of-questionable-claims-concerns-from-tax-pros

Figuratively Speaking is hosted by Ashlee Hall, Jeneanne Orlowski, and Travis Slade. Find us on social media:

• Instagram: @_figurativelyspeaking_

• Facebook: @Figuratively.Speaking.2023

If you or a friend is interested in exploring tax strategy options, which includes the ERC and other tax incentives, you can