Companies Sue IRS for $1.3 Million in Employee Retention Credits

Two Illinois-based companies that provide high-quality masonry, glass and glazing, structural steel, and decorative flooring are seeking almost $1.3 million in Employee Retention Credits from the US, claiming they suffered a substantial decline in gross receipts that would qualify them for tax refunds.

MTH Enterprises LLC and MTH Underlayment LLC, which are both part of MTH Industries, allege they qualify for the credits under the Coronavirus Aid, Relief, and Economic Security Act during the second and third quarters of 2021 compared to the same periods in 2019 because they pass the CARES Act’s gross receipts test for the second and ...