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Employee Retention Credit Penalties
Technical topics regarding tax preparation.
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10-Nov-2021 6:38pm
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#1
CLETaxLawyer
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What are the potential penalties if the IRS determines that an employer who claimed the ERC wasn’t eligible?
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10-Dec-2021 5:35pm
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#2
MilesR
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7-Dec-2021 11:10pm
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California
Just shooting from the hip here but probably worst case scenario fraud or gross negligence. Trust Fund Recovery Penalty which can be 100% penalty plus late fees and interest.
To claim the credit you're supposed to document your support for it.
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