P.T. Barnum said, “Nothing draws a crowd quite like a crowd.” That appears to be the case with the barrage of taxpayers claiming the Employee Retention Credit (ERC) before the April 2025 deadline passes, after which employers can no longer file amended quarterly payroll tax forms to claim the credit.
When the ERC was first enacted in March of 2020 as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), many businesses were obtaining forgivable loans under the Paycheck…
