The ERC: Not in the news, but definitely not forgotten

The IRS is still plugging away at processing those Forms 941-X on which the employee retention credit is claimed. But it’s been busy doing other things, too, like ratcheting up its compliance efforts by sending out ERC recapture letters, which is exactly what it sounds like—the IRS wants its credits back, and if you don’t give them back voluntarily, it will take them.