The IRS recently updated its page focused on the Employee Retention Credit (ERC), also called the Employee Retention Tax Credit. This refundable credit may apply to businesses and tax-exempt organizations, although the requirements differ based on the time period for which it is claimed.
If you have questions about the ERC, including those related to eligibility, qualifying orders, decline in gross receipts, recovery startup business, claiming the credit, scams, recordkeeping, and/or timing, please visit the FAQ page to get answers directly from the IRS.
You can also visit the Employee Retention Credit page for technical guidance or to find notices, forms, and instructions.
