In the new October 2024 edition of The Iowa Lawyer, Attorney Cody Edwards provides an update on the issues that continue to impact taxpayers who claimed the COVID-era Employee Retention Credit.
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Anthony Siegrist and Arturo Montes Join Dickinson, Bradshaw, Fowler & Hagen, P.C.
We’re pleased to announce two additions to our legal team. Attorney Anthony Siegrist has joined Dickinson Bradshaw as an associate, and Arturo Montes, a Drake Law student, has joined the firm as a law clerk.
Anthony Siegrist
Anthony earned his…
The IRS has Disallowed Your ERC, Now What?
The IRS has sent you a letter indicating it disallowed your employee retention credit claim. Whether or not the IRS’s letter informs you of it, you have the right to appeal the IRS’s determination. You may appeal by filing a formal…
ERC Update: IRS says up to 90% of ERC Claims are High Risk or Show an Unacceptable Level of Risk
After months of silence, on June 20, 2024, the IRS issued a news release (IR-2024-169) providing an update on the employee retention credit (“ERC”). In a nutshell, based on a “detailed review to protect taxpayers” and “analyzing data,” the IRS…
William S. Smith Named Among America’s Top 100 Criminal Defense Attorneys®
Attorney William (Bill) Smith has been named one of America’s Top 100 Criminal Defense Attorneys. He practices as Smith & Kramer, P.C. and Of Counsel at Dickinson Bradshaw.
The honor highlights the accomplishments of the nation’s most esteemed…
If Not Now, When? Is it Time to Consider a Refund Suit to Expedite ERC Processing by the IRS?
Unfortunately, it looks like taxpayers who filed for the Employee Retention Credit (“ERC”) — both before and after the IRS’s moratorium on processing ERC claims — may be waiting years before they receive their emergency COVID-relief payments. Luckily, taxpayers have a…
IRS Announces Withdrawal Process for Employee Retention Credit Claims
The IRS has repeatedly warned taxpayers of aggressive marketing and scams regarding the Employee Retention Credit. On October 19, 2023, the IRS announced a withdrawal process for Employee Retention claims, which is a special initiative aimed at helping businesses concerned…
IRS to Halt ERC Processing
The IRS issued a moratorium on processing new Employee Retention Credit (“ERC”) claims due to evidence suggesting a growing number of improper claims being filed. The moratorium began on September 14, 2023, and is effective until, at least, December 31,…
Latest IRS Guidance Demonstrates the Limited Basis for Claiming the ERC under a Supply Chain Disruption Theory
Does the disruption of an employer’s supply chain during the Covid pandemic qualify them for the Employee Retention Credit (“ERC”)? The IRS is leaning towards no.
In a Generic Legal Advice Memorandum (“GLAM”), dated June 30, 2023, the IRS illustrated…
When the Taxman Cometh for (Potentially) Invalid ERC Claims
The IRS has repeatedly warned businesses of promoters presenting wildly misleading claims about the Employee Retention Credit (“ERC”), leading to “many invalid [ERC] claims . . . coming into the IRS.” Indeed, the ERC made the top of…