Clarification of IRS Position on Employee Retention Credit Supply Chain Disruptions
22 August 2023(Generic Legal Advice Memorandum)
The IRS recently released a General Legal Advice Memorandum (GLAM) outlining the IRS’s view on Employee Retention Credit (ERC) Claims associated with Supply Chain Disruption. The GLAM outlines five scenarios and provides perspective on whether each will qualify for the ERC based on the IRS’s interpretation.
Please reach out to the tax professionals at FustCharles to discuss your specific facts and circumstances.Back to News