The idea of the Employee Retention Credit was to get money into the hands of employers during the pandemic. Now, the IRS worries it s become a money grab.
You might get your refund, but get audited and be asked to repay the money, including interest and penalties. Even if you relied on advisers, you are on the hook.
With the Internal Revenue Service making substantial progress in the ongoing effort related to the Employee Retention Credit claims, Commissioner Danny Werfel said the agency has entered a new phase of increasing scrutiny on dubious submissions while renewing consumer warnings against aggressive marketing. Speaking Tuesday at a special roundtable session of tax professionals in Atlanta, Werfel
IRS Commissioner announces new phase in employee retention credit oversight chicagocrusader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagocrusader.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON – With the Internal Revenue Service making substantial progress in the ongoing effort related to the Employee Retention Credit claims, Commissioner Danny Werfel said the agency has entered a