Is the Employee Retention Credit (ERC) dead? Should reputable tax preparers run the other way? Will my clients get audited and have to pay back thousands? These are some of the questions that we’ve been getting from CPAs, EAs, and other tax professionals following the IRS announcement of a temporary moratorium on ERC processing.

First, it is vital to recognize that the ERC is still active. This IRS announcement does not signal the closure of the program. The IRS is pausing the processing (not the acceptance) of new ERC claims as a short-term measure. During this hiatus, the IRS has stated its intent to bolster its internal systems to detect fraudulent claims and to provide more comprehensive ERC guidance. We welcome this course of action and hope it will deter some of the ERC mills who are misleading business owners with get-rich-quick advertising and filing unsubstantiated claims.

Given the many updates to the ERC in this new IRS press release, we have created a course to explain the current status of the ERC and the path forward.

Learning Objectives:

• Describe details of the IRS moratorium on ERC processing


• List red flags to watch for when vetting ERC providers


• Evaluate options for companies who have filed the ERC


• Identify recommendations for substantiating past and future ERC claims


• Outline paths for business owners who have not yet filed

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222