Employee Retention Credit – Voluntary Disclosure Program

1 Credits: Taxes


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Employee Retention Credit – Voluntary Disclosure Program

Course Level
CPE Credits

1 Credits: Taxes

Course Description

The Employee Retention Credit (ERC) was created in the CARES Act with the purpose of providing an incentive to employers who kept their employees on payroll during the COVID-19 pandemic. Through subsequent expansion and extension, the ERC became a lucrative and targeted tax industry micro-niche, replete with bad actors providing misleading and inaccurate information. Excessive numbers of questionable ERC claims led the IRS to stop processing claims, offering a withdrawal mechanism, and eventually the ERC Voluntary Disclosure Program (ERC-VDP).

This course discusses the ERC-VDP from top to bottom: announcement, eligibility, participation terms, process, the application, considerations for taxpayers and for tax pros advising clients.

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Learning Objectives

Upon completion of this course, participants will be able to:

  • Identify and briefly review guidance related to the ERC
  • Review Announcement 2024-3 contents
  • Review Form 15434, Application for Employee Retention Credit Voluntary Disclosure Program
  • Learn how to calculate repayment of ERC
  • Identify considerations for both taxpayers and tax pros
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Course Specifics

Course ID
Revision Date
January 26, 2024


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02428-24-O
IRS Federal Tax Law Credits: 1
CFP Provider Number: 3199
CFP Course Number: 322448
CFP Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1995
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Mark Seid Headshot

Mark Seid, EA, CPA has over 25 years of experience in field of taxation focused on tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses to tax professionals on issues affecting small businesses.