The IRS said Thursday that it will begin processing a backlog of claims ... the tax credit in March 2020 to help businesses that kept paying employees after being shut down early in the pandemic.

2024 /PRNewswire/ -- A surge of new IRS letters denying pandemic-era Employee Retention Tax Credit (ERTC) claims are starting to reach businesses, forcing many to navigate a lengthy appeals ...

Many taxpayers are experiencing "long delays and uncertainty" amid a backlog of roughly 1.4 million pandemic-era small business tax credit claims ... "questionable claims," the IRS stopped ...

which show clear signs of being erroneous claims for the pandemic-era credit," the IRS announced June 20. "In addition to this highest risk group, the IRS analysis also estimates between 60% and ...

The credit was designed to help businesses retain employees during pandemic ... of improper claims," said IRS Commissioner Danny Werfel. "We will now use this information to deny billions of ...

The Internal Revenue Service is planning to deny billions of dollars of what it says are improper claims for a popular pandemic ... IRS, following a long review of the employee retention tax ...

The IRS will deny billions of dollars' worth of claims for a pandemic-era tax break while working to ... the employee retention credit, or ERC, is worth thousands of dollars per eligible employee.