AICPA Tax Section Odyssey podcast: 'ERC suspended: What happens next?'

On Sept. 14, 2023, in release IR-2023-169, the IRS suspended the processing of new ERC claims to combat the prevalent fraud occurring. These measures will help to protect small businesses and aim to stop fraud by promoters of ERC mills.

In this episode, Kris Esposito, Director — Tax Policy & Advocacy, AICPA & CIMA, joins April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, AICPA & CIMA, to discuss this important news development and break down the details of the announcement.

What you’ll learn:

  • Highlights of the announcement (1:24)
  • How to find if submitted claims have been processed (3:53)
  • When will recently submitted claims be processed? (4:41)
  • Number of claims currently in the audit process (5:45)
  • Client talking points (6:22)
  • Available resources (7:38)
  • Kris’ final thoughts (9:07)

AICPA resources


IRS resources

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