If you operate a business, your inbox is probably full of solicitations from firms promising a big payday through the Employee Retention Credit. We receive several a day, which got us wondering – what’s the real story here? To address that question and more, we invited Lynn Mucenski-Keck, a Principal at Withum and prolific writer on federal tax policy to discuss the history of the ERC, the interplay between the credit and the Section 199A deduction, and why promises of free ERC money should be approached cautiously. We also discuss the lame duck Congress, the prospects for a holiday tax package, and her latest go-to winter recipes.
For those interested, Lynn’s Forbes article referenced by Brian can be accessed by clicking here.
This episode of the Talking Taxes in a Truck podcast was recorded on December 6, 2022, and runs 42 minutes long.