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IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claimsEnacted to support small businesses during the Covid-19 pandemic, the employee retention credit ... The IRS will deny billions of dollars' worth of claims for a pandemic-era tax break while ...
Due to a backlog of 1.4 million unprocessed employee retention credit ... these ERC claims," she wrote. More from Personal ...
Anyone who is distracted when they're worrying about their tax ... COVID-19 pandemic period," according to the IRS. "Similar ...
Congress structured the ERC as a refundable credit against the employer portion of social security tax ... that the IRS placed a very low priority on ERC claims filed after the pandemic ended.
Lindell said he sought help from the IRS to resolve a problem with the Employee Retention Credit his company claimed during the coronavirus pandemic. Congress authorized a tax credit for employers ...
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