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STEVEN TOSCHER, SANDRA R. BROWN and ROBERT HORWITZ to Speak at Upcoming CalCPA Webinar on IRS Scrutiny of ERCs

We are pleased to announce that Steven Toscher, Sandra R. Brown and Robert Horwitz will be speaking at the upcoming CalCPA webinar “IRS Scrutiny of ERCs” Tuesday, June 11, 2024, 9:00 a.m. – 10:30 a.m. (PST).

The employee retention credit, enacted as part of the CARES Act, is a US federal tax credit that provides an incentive to employers who continued to employ individuals during the COVID-19 pandemic. Since its enactment, there have been questions as to whether a business qualified and how to interpret what qualified as a full or partial suspension of operations in order to be eligible for the credit. Companies engaged advisors – some of whom were diligent in determining a businesses’ eligibility – though others engaged advisors, whose business models created incentives to take aggressive positions on employee retention credit qualification that likely are not sustainable under audit. This panel will discuss the IRS’ increased enforcement efforts in the area of Employee Retention Credits (ERC), explain how to spot red flags indicating abuse of the ERC, describe the civil and criminal penalties that can apply to taxpayers, promoters and practitioners for erroneously claiming ERC credits, and provide tips on how to help clients correct mistakes where appropriate.

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