On September 14th, 2023, the IRS released a statement ordering an immediate moratorium on processing new ERC applications until at least the end of the year. This action comes in response to bad actors overpromising the credit and falsely guaranteeing qualification as a way to collect steep up-front fees.
At ERC Specialists, we believe that this momentary pause will benefit business owners by reducing the number of untrustworthy and aggressive players in the space. While this IRS action will slow the processing of refunds, it DOES NOT indicate the closure of the ERC Program.