The March 22 deadline for applying to the IRS Voluntary Disclosure Program (VDP) to repay improperly claimed Employee Retention Credits (ERC) at a discount is just around the corner. The VDP requires businesses to repay only 80% of the improper credits they received while avoiding penalties and interest. It is part of a larger federal effort to stop aggressive marketing of the ERC, which led many businesses to claim improper credits. More information is available here.
March 22 ERC Voluntary Disclosure Deadline Rapidly Approaching
