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Published 18 days 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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