“Delayed payments can mean the difference between a business remaining open or not.”
WASHINGTON, DC – Today, Congressman Andy Levin (D-Bloomfield Township), member of the House Education and Labor Committee, sent a letter to the Commissioner of the Internal Revenue Service, Charles P. Rettig, highlighting the urgent need to deliver Employee Retention Credit (ERC) payments to constituents in his district. The ERC was designed to provide relief to businesses facing COVID-19 related revenue reductions and has been instrumental in keeping Michiganders and workers across the country on the job. However, many small business owners in Michigan and elsewhere are reporting wait times of eight to ten months to receive payments.
"Based on numerous discussions I have had, it is clear to me that the processing of ERC claims must be elevated as a high priority even in the midst of the IRS' other considerations," wrote Congressman Levin. "Small businesses in my district and across the nation relied on the ERC so that workers could remain on the job and those businesses could continue operating. Small business owners now need these long-delayed payments to provide for their employees' financial well-being and continue our nation's economic recovery from the COVID pandemic."
"In all too many cases, delayed payments can mean the difference between a business remaining open or not. In response to these delays, businesses are considering taking previously unthinkable actions such as furloughs, layoffs or even outright closure," continued Congressman Levin. "This current situation hits so close to home for me, illustrated by two of my constituents – the owners of Avalon, a widely-admired bakery, and Flow Video, a video production company. Both face significant challenges and difficult decisions if the processing of their ERC applications is further delayed."
Source:https://andylevin.house.gov/media/press-releases/levin-presses-irs-address-refund-delays
