IRS Clarifies ‘Supply Chain’ Claims Tied to ERC


OMA Connections Partner CliftonLarsonAllen reports that the IRS allows an employer to qualify for the employee retention credit (ERC) if a supplier’s operations were suspended due to a governmental COVID-19 order. But in this guidance, the firm writes that the IRS has clarified that businesses do not qualify for the ERC simply because of general supply chain disruptions. 8/16/2023