This article was published by the IRS. Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams. IRS Commissioner Danny [...]
Remember, you are responsible for any information on your tax return. Beware of schemes that push you to claim the Employee Retention Credit, even if you're not eligible for it. You could end up having to repay the credit, with penalties and interest. Visit IRS.gov/erc.
Beware of ads that promise big money through the employee retention credit. While it's a real credit, scammers are telling people they qualify when they really don't. Don't fall for it! Get official info at IRS.gov/erc.
The IRS is urging people to beware of ads that promise big money by claiming the employee retention tax credit. This is a real credit that helps businesses that were affected by the pandemic, but scammers are telling people they qualify when they don't. The scammer takes a fee and your personal information. If you're not [...]
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have received requests from taxpayers and their advisors for relief from penalties arising when additional income tax is owed because the deduction for qualified wages is reduced by the amount of a retroactively claimed employee retention tax credit (ERTC), [...]
