ERC Supplemental Claim Process for Third-Party Payroll Companies: What You Need to Know
Thursday, 26 September 2024, 13:51
ERC Supplemental Claim Process Overview
The IRS recently announced the opening of an ERC supplemental claim process aimed at assisting third-party payroll companies and their clients. This initiative is crucial for correcting any inaccuracies related to employee retention credit claims.
Key Details About the Claim Process
- Deadline for submission is November 22.
- This process allows for the amendment of incorrect ERC claims.
- Eligible third-party payers will be able to facilitate claims on behalf of clients.
Steps for Third-Party Payroll Companies
- Review all past claims submitted for the employee retention credit.
- Identify any discrepancies that need correcting.
- Prepare and submit supplemental claims by the deadline.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.