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IRS Managers Group Warns Against Early End to Business Tax Perk

Aug. 17, 2021, 8:28 PM

A provision in the Senate’s infrastructure bill to eliminate the employee retention credit after September will place more strain on an already under-resourced IRS, according to an association that represents the interests of the agency’s managers and supervisors.

The proposal would force the IRS to reprogram software, revise tax forms and publications, create new educational materials for both taxpayers and internal employees, and issue new guidance, said Chad Hooper, executive director of the Professional Managers Association. At the same time, the Senate chose not to increase the IRS’s funding in the infrastructure bill—as had been originally considered—which “feels ...