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Published 1 month ago

IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper

  • The IRS will deny billions of dollars' worth of claims for a pandemic-era tax break and is processing lower-risk filings, as announced on Thursday.
  • The agency stopped processing new filings in September due to a surge of 'questionable claims,' and this moratorium on certain claims will persist.
  • After reviewing over 1 million claims worth about $86 billion, the IRS plans to reject tens of thousands of high-risk filings and further examine 60% to 70% of claims posing unacceptable risk levels.
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