Federal Tax, Tax

Employee Retention Credit Apart of New Taxpayer Scam

The IRS recently kicked off its annual Dirty Dozen campaign, which highlights the top 12 scams and schemes that target taxpayers. The “widely circulating promoter claims” regarding Employee Retention Credits (ERCs) is a new entry in the Dirty Dozen list. The fact that the IRS saw fit to start its campaign with ERC claims reflects its serious concern. “The aggressive marketing of these credits is a major concern for the IRS,” said IRS Commissioner Danny Werfel. “Businesses need to think twice before filing a claim for these credits [and remember that] there are very specific guidelines around these pandemic-era credits.” For more information: https://bit.ly/3newWcd .For questions, reach out to Cg. © 2023