
IRS Temporarily Stops Employee Retention Credit Processing
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.
The agency says marketing fraudsters are misrepresenting and exaggerating who can qualify for the employee retention credit.
The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.
During National Consumer Protection Week, March 5-11, IRS-CI will share information on its social media about tax scams.