January 2024Authored by: David G. Shapiro and Marielle C. MacMinnSBAC Partner, Saul Ewing, provides an update on dubious Employee Retention Credit (ERC) claims - "many of which were made at the urging of aggressive promoters. The IRS is offering a limited-time Voluntary Disclosure Program (VDP) to encourage taxpayers to come forward, allowing taxpayers to keep some of the refunds received and offering to waive penalties and interest, in exchange for the taxpayers identifying the promoters involved in their ERC applications. All VDP applications must be submitted by March 22, 2024."Learn more about what you need to know here --> IRS Announces Voluntary Disclosure Program for Employee Retention Credit Claims: Good News for Businesses That May Have Claimed the Credit in Error | Saul Ewing LLPWhat You Need