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Issue Number: 2024-19

Inside This Issue

1. IRS opens process for third-party payers to resolve incorrect ERC claims
2. IRS shares directions for replying to ERC disallowance letter
3. Energy Credits Online tool helps businesses claim credits
4. Proposed regulations for the Alternative Fuel Vehicle Refueling Property Credit
5. Submit comments on Saver’s Match contributions notice
6. Disaster tax relief
7. Other tax news

1.  IRS opens process for third-party payers to resolve incorrect ERC claims

The IRS opened a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.

This supplemental claim process lets a third-party payer that filed a prior claim with multiple clients “withdraw” only some clients while maintaining the claims of the qualifying clients.

A supplemental claim is an adjusted employment tax return that allows a third-party payer to correct and/or consolidate previous claims that they filed on or before Jan. 31, 2024, if those claims have not yet been processed by the IRS. Third-party payers can submit a supplemental claim through Nov. 22, 2024.

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2.  IRS shares directions for replying to ERC disallowance letter

Businesses that claimed the Employee Retention Credit may have received IRS Letter 105-C if the IRS identified their claim as ineligible. Letter 105-C means the IRS disallowed, or denied, the Employee Retention Credit that a business claimed either as a refund or as a reduction of the tax owed for the tax period.

The Understanding Letter 105-C, Disallowance of the Employee Retention Credit page on IRS.gov can help businesses learn about next steps if they disagree with the disallowance. This new page has information on:

• Rechecking eligibility for the credit before disagreeing
• Responding to the letter, including what documentation to send the IRS
• Requesting an appeal or filing suit and the timelines to do so

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3.  Energy Credits Online tool helps businesses claim credits

IRS Energy Credits Online, or IRS ECO, is a free electronic service that is secure, accurate and requires no special software.

Vehicle sellers and dealers can use the new IRS Energy Credits Online tool to register their business and complete time of sale reports online. Qualified manufacturers can use it to submit eligible clean vehicle VINs. Qualifying businesses, tax-exempt organizations or entities such as state, local and Indian tribal governments can register using this tool to take advantage of the elective payment or transfer of credits.

The IRS offers this platform and continues to modernize online tools with funding from the Inflation Reduction Act to help taxpayers take advantage of clean energy credits.

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4.  Proposed regulations for the Alternative Fuel Vehicle Refueling Property Credit

Treasury and the IRS issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit.

Taxpayers who install qualified vehicle refueling or electric vehicle recharging property in their home or business may be eligible for the Alternative Fuel Vehicle Refueling Property Tax Credit.

The Inflation Reduction Act amended the credit. The changes apply to qualified alternative fuel vehicle refueling property placed in service after Dec. 31, 2022, and before Jan. 1, 2033.

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5.  Submit comments on Saver’s Match contributions notice

Saver’s Match contributions are a new approach to promoting retirement savings and an opportunity to improve the long-term financial security of low- to moderate-income Americans.

To enhance the implementation of this new tax benefit, the IRS wants to hear from taxpayers and other stakeholders. Interested parties should provide comments on Saver’s Match topics by Nov. 4, 2024.

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6.  Disaster tax relief

Louisiana

The IRS offers tax relief for individuals and businesses in Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024.

These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.

Connecticut and New York

The IRS offers tax relief for individuals and businesses in some Connecticut and New York counties affected by severe storms and flooding from torrential rainfalls that began on Aug. 18, 2024, or landslides and mudslides from these storms.

These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.

The current list of eligible localities is always available on the Tax relief in disaster situations page on IRS.gov.

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7.  Other tax news

The following information may be of interest to individuals and groups in or related to small businesses:

• Proposed regulations:
  • Corporate Alternative Minimum Tax
  • Tribal General Welfare Benefits
• Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives
• 2024 Service to the Citizen Awards: Taxpayer Services Chief Kenneth C. Corbin wins Government Executive of the Year
• Electronic Tax Administration Advisory Committee selects 10 new members

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