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This little-known pandemic-era tax credit has become a magnet for fraud

On Thursday, the IRS issued a warning to businesses to be on the lookout for “scams” related to the tax credit, saying it was fueling a flood of “invalid” applications. ....

White House , District Of Columbia , United States , Douglas Odonnell , Zachary Bassett , Mason Warr , Paycheck Protection Program , Treasury Department , Congressional Budget Office , Employee Retention Credit , Paycheck Protection ,

How the Employee Retention Tax Credit Became a Magnet for Fraud

The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules. ....

United States , White House , District Of Columbia , New York , Douglas Odonnell , Kirsten Gillibrand , Brian Anderson , Kathryn Nester , Wanchai Chab , Markc Wagner , Zachary Bassett , Mireille Rosselli , Mason Warr , Congressional Budget Office , Treasury Department , Revenue Service , Paycheck Protection Program , Internal Revenue Service , Employee Retention Credit , Paycheck Protection , Innovation Refunds , Tax Credits Deductions Exemptions , Coronavirus Covid 19 Pandemic , Cares Act Coronvirus Stimulus , Wages And Salaries ,

This Little-Known Pandemic-Era Tax Credit Has Become a Magnet for Fraud

The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses get stimulus funds, often in violation of federal rules. In… ....

United States , Zachary Bassett , Mason Warr , Employee Retention Credit , Reaking News ,

Provo accounting firm charged in $11M COVID-19 tax fraud scheme

A federal grand jury returned an indictment charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. ....

United States , Albert Childress , Zachary Bassett , Mason Warr , Accounting Tax , Police Courts , Us Department Of Justice , Utah County , Coronavirus Aid , Economic Security Act , Families First Coronavirus Response Act , Investigation Special Agent , Charge Albert Childress , Criminal Investigation , Salt Lake ,

Why has a Provo accounting firm been charged?

A federal grand jury returned an indictment on Feb. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. ....

United States , Albert Childress , Zachary Bassett , Mason Warr , Accounting Tax , Us Department Of Justice , Utah County , Coronavirus Aid , Economic Security Act , Families First Coronavirus Response Act , Investigation Special Agent , Charge Albert Childress , Criminal Investigation ,