IRS provides tips for applying to the ERC’s Voluntary Disclosure Program

As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the IRS recently launched a Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. Qualifying clients interested in this program have until March 22 to apply using Form 15434, Application for Employee Retention Credit Voluntary Disclosure Program.

To use this IRS fillable smart form, applicants must: 

• Have the current version of Adobe Reader or Acrobat Pro to use the form. See Downloading and Printing tips if you need help getting the most recent free version of Adobe Reader.
• Right-click the link to the form.
• Choose “Save link as” to download the form to their computer.
• Open, fill out, sign and save the Form 15434. 
• Submit the application form to the IRS using the IRS Document Upload Tool.