Use it or lose it: Voluntary program for ERC

Businesses that are ineligible for the employee retention credit but received payment before December 22, 2023, may participate in the Voluntary Disclosure Program (VDP). It means repaying the ERC minus 20%. This program ends March 22, 2024, so consider using it, if eligible. A different procedure applies for those who received payment after December 21, 2023; they can’t use the VDP. #IdeaoftheDay