Employee Retention Credits Refund Delays: Insights and Options

In this podcast, Mike Mahoney (shareholder, Morristown/New York City) and Viki Farrior (of counsel, Oklahoma City) provide an informative update on the status of employee retention credit (ERC) claims submitted to the Internal Revenue Service (IRS). Mike, who is chair of the firm’s Payroll Tax and Fringe Benefits Subgroup, and Viki discuss options available to employers that submitted ERC claims but who have not yet received their refunds. They provide a concise but detailed explanation of the state of IRS tax credit processing and of the refund suit process, including expected time to resolution.