Form 15434 - Employee Retention Credit Voluntary Disclosure Program

Internal Revenue Service (IRS) Commissioner approved the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP). The ERC-VDP was created in order to provide a streamlined avenue for taxpayers to return funds and be afforded a 20% reduction in the amount to return. The ERC-VDP was created in order to provide a streamlined avenue for taxpayers to return funds and be afforded a 20% reduction in the amount to return. IRS announced the ERC-VDP for taxpayers who improperly claimed the ERC and received the refund. To participate in the initiative, taxpayers must submit information about the improper ERC claimed, refund received, their identifying information, and the identifying information of any preparer/advisor who assisted them with the ERC claim.

The latest form for Form 15434 - Employee Retention Credit Voluntary Disclosure Program expires 2027-08-31 and can be found here.