The IRS has introduced a new process to help certain taxpayers extend deadlines for resolving disallowed Employee Retention Credit (ERC) claims while protecting refund rights. Taxpayers who receive Letter 105-C or 106-C for full or partial ERC disallowance generally have two years to resolve the claim administratively or file a refund suit in federal court. The IRS is now allowing certain taxpayers to submit Form 907, “Agreement to Extend the Time to Bring Suit,” electronically. If you’re waiting for the IRS to consider your response to an ERC disallowance notice and have six months or less left in the two-year period, you may qualify. But you must act quickly. Contact us with questions.
