Lawmakers are asking the Internal Revenue Service to expedite the processing of Employee Retention Tax Credits and not to penalize small businesses for incorrectly paying their estimated quarterly taxes as they await their claims. During a hearing before the House Ways and Means Oversight Subcommittee, Congress and IRS Commissioner Charles Rettig talked about the tax credits. While the ERTC was cut short in the fourth quarter of 2021, many small businesses and nonprofits are still waiting on relief from the third, second, and first quarters of 2021 while processing was delayed eight to ten months.
