Understanding IRS Letter 6612 for ERC Claims

IRS Letter 6612 signifies an audit of Employee Retention Credit (ERC) claims, prompted by a surge in ineligible applications. Businesses receiving the letter must provide detailed documentation within 30 days to prove their ERC eligibility or face possible claim denial.

2024-08-09T15:09:43-04:00April 19, 2024|Categories: Tax: Business|Tags: |

Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions

Learn about the corrective distribution deadline associated with failed ADP/ACP testing related to requirements for traditional 401(k) plans that haven't adopted safe harbor provisions.

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