The IRS is Finally Processing ERC Claims: What You Need to Know
Good News for Businesses: ERC Refunds to Start Rolling Out in September
According to Kiplinger, The IRS has good news for businesses. They will start giving back money that was taken away from businesses during the pandemic. This is because some people were trying to cheat the system by filing fake claims. The IRS is now checking the claims to make sure they are real.
Businesses that filed their claims correctly will start getting their money back in September. The IRS will check the claims from September 2023 to January 2024. If your claim is okay, you will get your money back. But if your claim is not okay, you will have to wait or maybe even get a letter saying you don’t get any money.
ERC Refund Alert: IRS to Release $5.2 Billion in Pandemic Relief Funds – What You Need to Know (PHOTO: GOOGLE)
ERC Claims Update: What to Do If Your Claim is Rejected or Investigated
Many businesses are still waiting to hear about their claims. The IRS has sent letters to some businesses saying they made a mistake and won’t get any money. The IRS is also investigating people who tried to cheat the system. If your claim is rejected, you can try to fix it by sending a letter or using the IRS website. It’s not clear when all businesses will get their money back, but some might not get it for a long time.
