IRS can claw back interest on erroneous payroll credits
The IRS paid you overpayment interest if you received the refundable portion of a pandemic payroll tax credit late. The credits included the paid sick and family and medical leave credits and, importantly, the employee retention credit. Proposed regulations now allow the IRS to recapture the interest it paid on the refundable portion of these tax credits if you received the credits in error.
	
	
		
		
			
			
			
		
	
To continue reading this page,  become an
HR Specialist Premium Plus member today!
HR Specialist Premium Plus member today!
Your subscription includes:
 Ask the Attorney: Answers to your HR legal questions Ask the Attorney: Answers to your HR legal questions
 Compliance Guidance: Access to 7,000 HR news articles, updated daily, sorted by state Compliance Guidance: Access to 7,000 HR news articles, updated daily, sorted by state
 State-by-State: Summaries of HR laws in all 50 states State-by-State: Summaries of HR laws in all 50 states
 Manager's Training Library: a treasure trove of printable training guides Manager's Training Library: a treasure trove of printable training guides
 Memos to Managers for simple staff training Memos to Managers for simple staff training
 The Hiring Toolkit: Job descriptions, interview questions & exemption tests for 200+ positions The Hiring Toolkit: Job descriptions, interview questions & exemption tests for 200+ positions
 Webinar of the Week: Train instantly with recent recordings Webinar of the Week: Train instantly with recent recordings
 Sample Policies, Weekly Podcasts, Q&As and much, much more ... Sample Policies, Weekly Podcasts, Q&As and much, much more ...




