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

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.

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…

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…

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…

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

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…