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Published 2 months ago

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

Summary by Ground News
The IRS says it's making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee.

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Associated Press NewsAssociated Press News

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era

2 months ago·United States
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abc Newsabc News

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit

2 months ago·United States
Read Full Article
KVIAKVIA

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

By MAE ANDERSON AP Business Writer NEW YORK (AP) — The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if the busi…

2 months ago·Panama City, United States
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Winnipeg Free PressWinnipeg Free Press

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

NEW YORK (AP) — The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses […]

2 months ago·Winnipeg, Canada
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Financial PostFinancial Post

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

NEW YORK (AP) -- The IRS says it's making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit.

2 months ago·Canada
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Washington Top NewsWashington Top News

IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

NEW YORK (AP) — The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if they didn’t qualify. The IRS said it receiv…

2 months ago·Washington, United States
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