
The Internal Revenue Service (IRS) has resumed processing certain pandemic-era tax credit claims, specifically the Employee Retention Tax Credits (ERC), which had been previously paused. After freezing payouts in September 2024 to address fraudulent applications, the IRS is now moving forward with these claims but is rejecting a significant number of them. The agency is also intensifying its scrutiny and enforcement efforts on businesses that have claimed these credits.
The IRS will pay out more ERC claims to businesses in 2024 — and double down on enforcement. https://t.co/aeWSfCNQA8
IRS Increases Pressure on Businesses That Claimed Employee Retention Tax Credits https://t.co/va1oFOyAQz
IRS Increases Pressure on Businesses That Claimed Employee Retention Tax Credits https://t.co/nxg62EIW85 | by @FoxRothschild




