A quarterly magazine from the National Association of Enrolled Agents
Winter 2025 vol.43 no.4
How to Address Unmade or Incorrect Wage Expense Disallowances for Employee Retention Credit Claims
Preparation

How to Address Unmade or Incorrect Wage Expense Disallowances for Employee Retention Credit Claims

The employee retention credit (ERC) required the disallowance of the income tax deduction for the corresponding wages in the amount of the credit received.i Uncertainty as to whether the credit amounts shown on refund cla... Patrick D. Dimmitt, EA

Winter 2025, Preparation, s corporation, partnership, Schedule C, Schedule K-1, Form 1065, employee retention credit, ERC, §3121(l), §111, Treasury Regulation §1.702-1(a)(8)(i), Form 1120S, Unvert, 656 F.2d 483 (9th Cir. 1981)