Focus
Employee Retention Credit (ERC)
IRS Foils $1 Billion In Improper or Fraudulent Pandemic-Era Tax Credit Claims
The IRS has prevented the payout of over $1 billion in incorrectly claimed pandemic-era tax credits, with another $3 billion under investigation.
IRS Reveals Suspicious Signs It Looks For to Flag Incorrect or Fraudulent Tax Credit Claims
The are 7 telltale signs of a bad ERC claim, including claiming it for all available quarters or during periods when pandemic lockdowns weren’t in effect.
IRS Warns Businesses to Report Falsely Claimed Pandemic Credit by March 22 Deadline
The credits were granted to businesses affected by government orders during the COVID-19 pandemic.
