FOR IMMEDIATE RELEASE: 

IRS Accelerates Employee Retention Credit Claims | 400,000 Claims Worth $10BN

 The Better Choice Lenders is proud to announce our commitment to assisting clients in accessing the Employee Retention Credit (ERC) as the Internal Revenue Service (IRS) accelerates the processing of 400,000 claims, potentially resulting in approximately $10 billion in tax refunds. This announcement comes in response to lawsuits filed by companies concerning delayed processing and claim denials. Reference: Newsweek article

"The IRS understands the vital importance of Employee Retention Credits payments for struggling small businesses, and we are continuing to make important progress on one of the most complex tax administration provisions we've ever had," IRS Commissioner Danny Werfel said.

Currently, the 400,000 claims being processed by the IRS include both eligible and ineligible submissions, with many claims already under review for approval. Refund checks are being issued, with additional payments expected in the upcoming weeks.

What this means for you:

The IRS is reviewing and approving files on a first come first serve basis. 

The only way we can follow up on the status of your refund is to have an updated 8821 form. 

The most important thing you can do to ensure you receive your refund is to provide this form back to our office.

We can take no action on your behalf without this updated form.

If you have not received your updated 8821 please contact us immediately and we will send one to you.

 Additionally, please send us copies of any correspondence from the IRS including statements and copies of checks so we can verify the accuracy of your communications.

We look forward to continuing to support you as we close in on the end of this program and thank you for the opportunity to work with you.

-The Better Choice Lenders