IRS ANNOUNCES PEO ERTC CONSOLIDATION PROGRAM, NAPEO WEBINAR RECORDING AVAILABLE

The IRS recently announced a new supplemental claims process for third-party payers (including PEOs and CPEOs) to correct or consolidate outstanding ERTC claims. The supplemental claims process is for those PEOs to which all the following apply:

• Has filed one or more claims aggregating the ERTC for itself and/or clients using the PEOs employer identification number (EIN).
• Has made the claim on an adjusted employment tax return (Forms 941-X, 943-X, 944-X or CT-1X).
• Has not had their prior claims processed by the IRS.

NAPEO hosted a webinar on October 2 with IRS Employment Tax Policy Analyst Crystal Stinson, who runs the CPEO program. Crystal discussed the new consolidation program and answered many questions from members. NAPEO members can review the webinar recording in our webinar archive here, under the Legal and Government Affairs tab. For more information, reach out to Thom Stohler, tstohler@napeo.org.