Overview: The IRS recently announced a short-term Voluntary Disclosure Program that will allow businesses to return ERTC funds. The program is aimed at businesses that received funds but were ineligible to do so. The program allows such businesses to return 80% of the ERTC funds, while keeping 20%. No interest or penalties will apply for those businesses which are accepted into the program. The program ends on March 22, 2024.
The announcement of this program comes on the heels of another voluntary disclosure program which the IRS announced in the Fall of 2023. This program was aimed at recipients of the ERTC who had not yet received the ERTC funds.
This new seminar will identify and explain:
- Who is eligible for the voluntary disclosure programs
- Considerations for choosing whether to use the new ERC-Voluntary Disclosure Programs
- How to complete and file new Form 15434, Application for Employee Retention Credit (ERC) Voluntary Disclosure Program, to request entry into the program
- Preparing for the forthcoming ERTC audits
NASBA: 108369 Credits: 2 TAXES
Program Pre-requisite: None
Program Level: Basic
Advanced Preparation: None
Type of Delivery: Group Internet Based
National Conference of CPA Practitioners 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
** In order to qualify to receive the CPE credits, you will need to attend and stay on the live web seminar for its duration, which is about 115 minutes.
This web seminar is not approved for IRS CPE Credit.