As promised in the IRS announcement of the ERC processing moratorium, the IRS released the details of the ERC withdrawal program on October 19, 2023. This episode includes details on who qualifies for the withdrawal program, how to request an ERC claim withdrawal, and the pros/cons of the program. 

Reference Materials: https://www.irs.gov/newsroom/withdraw-an-employee-retention-credit-erc-claim 

Figuratively Speaking is hosted by Ashlee Hall, Jeneanne Orlowski, and Travis Slade. Find us on social media:

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If you or a friend is interested in exploring tax strategy options, which includes the ERC and other tax incentives, you can