In Bloomberg Tax, tax associates Isabelle Farrar,  Alec Oveis, Phillip Popkin, and Joshua Thomas evaluate new IRS guidance regarding employee retention credits which are included in various legislative pandemic relief packages. The tax attorneys summarize the IRS notices, explaining guidance on how businesses can simultaneously take advantage of both Paycheck Protection Program (PPP) loans and the employee retention credit (ERC) program.

The Treasury Department issued three notices in March and April 2021 regarding employee retention credits.

Please click here to read the article.