2 Articles
2 Articles
IRS Announces Rejection of 20,000+ Employee Retention Credit Claims via Letters
The IRS has made a significant announcement, revealing the rejection of over 20,000 Employee Retention Credit claims through official letters dispatched to taxpayers. This move marks a stringent evaluation process aimed at ensuring compliance with the eligibility criteria for this crucial pandemic relief measure. The ERC, a key provision under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, was designed to provide financial assi…
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