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 shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed…#erc #dannywerfel

Source: Reuters: Health - April 2, 2024 Category: Consumer Health News Source Type: news