On this episode, Chris Wittich, MBT, CPA, Partner — Boyum Barenscheer, joins again to discuss the latest updates on the employee retention credit (ERC) from H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA). Chris discusses how the legislation affects ERC claims and the implications for businesses with pending claims. He also delves into the extension of the statute of limitations for examination.

What you’ll learn from this episode:

What H.R. 1 changes about ERC claims processing
An update on ERC claims processing
What the extension of the statute for examination from H.R. 1 means for ERC claims
Reminder about the IRS FAQs about income tax returns and ERC claims

AICPA resources

Employee retention credit guidance and resources — A library for comprehensive guidance, essential tools and the latest news on the ERC.

Planning after tax changes — The tax landscape has shifted. Now’s the time for CPAs to turn insights into action with proactive financial planning. Access FAQs, guides, summaries and learning solutions in one central hub.

IRS FAQs about the Employee Retention Credit — On March 20, the IRS provided updated FAQs on income tax and ERC.

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ERC — Legislative updates to processing and examinations