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Nov 9, 2023

The employee retention credit (ERC) continues to be a topic of conversation amongst taxpayers and their trusted advisers. Now that the IRS has placed an immediate moratorium on processing new claims to at least the end of 2023, additional considerations and challenges have manifested.

Justin Elanjian, CPA, Managing Director — Disputes, Claims & Investigations, Stout, chats with April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, AICPA & CIMA, and shares best practices for navigating the current ERC environment.

What you’ll learn in this episode

  • Current ERC developments and how Justin is assisting his clients (0:50)
  • Tips for taxpayers who have already claimed the ERC (4:55)
  • How to advise clients contemplating withdrawing their claim (10:31)
  • Advice for helping clients that have not yet filed for the ERC (16:22)
  • Statute of limitation issues and recommendations to consider (19:50)
  • Office of Professional Responsibilities (OPR) guidance around professional responsibilities around claims (26:23)
  • What Justin is seeing in ERC examinations (33:05)
  • Final thoughts (41:34)
  • A page from Justin’s travel journal (43:45)

Related resources 

IRS resources