The ERC Landscape with Hale Sheppard — Federal Tax Updates

This podcast episode features tax controversy expert Hale Sheppard discussing the latest developments and challenges surrounding Employee Retention Credit (ERC) claims. Sheppard provides insights into IRS audit processes, potential penalties for ERC promoters, and the complexities of defending ERC claims. The conversation covers recent IRS announcements, proposed legislation, and the long-term implications for taxpayers and tax professionals.

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(00:00) - Welcome to Federal Tax Updates
(00:59) - Discussing the Employee Retention Credit (ERC)
(01:31) - Introducing Guest Expert Hale Shepard
(02:35) - IRS Updates on ERC Claims Processing
(05:38) - Challenges in Documentation and Audits
(11:28) - Protest Letters and Legal Considerations
(15:22) - Patterns and Trends in ERC Audits
(20:42) - Impact of Delays and New Business Models
(24:31) - Legal Authority and Future Implications
(30:06) - The American Rescue Plan and Its Implications
(31:03) - Legislation and ERC Claims Cutoff
(35:09) - Promoter Penalty Investigations
(44:15) - IRS Guidance and Retroactive Challenges
(48:22) - Future of ERC and Beneficial Ownership
(51:20) - Final Thoughts and Thanks for Listening

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Connect with Hale Sheppard
https://www.linkedin.com/in/halesheppard
https://www.chamberlainlaw.com/people-hale_sheppard.html

Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

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This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

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