Employee Benefits Blog

Taking the Off Ramp: IRS Opens Limited Program To Return Wrongly Received Employee Retention Credits

By Matthew P. Chiarello and Carlene Y. Lowry The IRS continues to evaluate and process Employee Retention Credit (“ERC”) claims with a focus on inaccurate and ineligible filings. Among its efforts to police the ERC program, the IRS announced a new initiative that permits taxpayers to return ERCs to which the employer is not entitled […]

January 26, 2024 | 3 min read | Tagged: deadline, employee retention credit, ERC, erc-vdp, IRS, penalty, retention, voluntary disclosure program, withdrawal

Matthew P. Chiarello Partner

The SECURE Act – A Primer on the Top Six SECURE Act Changes that could be coming to Retirement Plans Next Year

The SECURE Act (the “Act”) passed the House with bipartisan support and is on its way to the Senate with predictions that it could end up on the President’s desk by the end of the year. Here are some highlights of this potential legislation. 1. Longer Life means Later Mandatory Distributions. To account for increases […]

May 30, 2019 | 2 min read | Tagged: ACT, House, MEP, PEP, SECURE, SECURE ACT, Senate, withdrawal

Helen Goldstein Former Associate