Firm partners David Colmenero and Joel Crouch wrote an article TXCPA "OBBBA Takes a Wrecking Ball To Some ERC Claims: Lawsuits Are Likely To Follow"

In their latest article published with TXCPA, "OBBBA Takes a Wrecking Ball To Some ERC Claims: Lawsuits Are Likely To Follow," firm partners David E. Colmenero and Joel N. Crouch examine how the recently enacted One Big Beautiful Bill Act (OBBBA) is dramatically reshaping the landscape for Employee Retention Credit (ERC) claims. They unpack how a new retroactive statutory bar in the OBBBA now prevents many ERC claims filed after January 31, 2024, raising significant compliance concerns for taxpayers and practitioners alike. Mr. Colmenero and Mr. Crouch highlight why affected taxpayers may have grounds to challenge the IRS's application of this new rule and what this could mean for pending or planned claims in the months ahead.