In this emergency headline episode of Traction with the Tiger, host and Tax Tiger Chris Wittich unpacks the latest updates surrounding the Employee Retention Credit (ERC) in light of the recently passed One Big Beautiful Bill. From increased enforcement provisions and extended statutes of limitations to newly issued IRS FAQs, Chris breaks down what it all means for taxpayers, especially those who filed late or are just now receiving funds. He also explains the practical implications of picking up ERC income in the year received or deducting repayments in the current year. With a new IRS commissioner stepping in and ongoing developments, ERC remains a hot topic.