In the News | Thomson Reuters
Baker Tilly's James Creech Provides Insights on IRS’s ERC Voluntary Disclosure Program 2.0
Aug. 22, 2024 · Authored by James Creech
The IRS has launched a second Voluntary Disclosure Program (VDP) to help businesses navigate uncertainties around their Employee Retention Credit (ERC) claims. As the tax credit landscape shifts, understanding this program is crucial for employers assessing eligibility and potential liabilities. In Thomson Reuters, Baker Tilly’s James Creech notes that while this program offers a clear path forward, it provides fewer financial benefits than the initial one reflecting the IRS’s strategy to encourage early participation.
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