An IRS pause in processing new employee retention credit claims won’t deter eligible taxpayers from continuing to file, as the deadline to submit amended returns approaches, tax professionals said.
The pandemic-era employee retention credit is helping hundreds of thousands of businesses still struggling with labor shortages recover from the pandemic. Some taxpayers are just now coming up for air after being swamped by misinformation about whether they qualify for the credit designed to help them keep employees on their payrolls.
“There are a lot of companies out there that this is going to make a difference, and I have heard ...
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