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The IRS boosted taxpayer services through Democrats’ Inflation Reduction Act but still faces processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain ...
IRS Commissioner Danny Werfel in September 2023 said 3.6 million claims for the credit had been filed — including more than 600,000 claims that were received during a 90-day time frame in 2023.
In September 2023, the IRS announced a pause in accepting claims for the tax credit until 2024 because of rising concerns that an influx of applications were fraudulent. “Although the IRS has processed several hundred thousand claims in recent months, it was still sitting on a backlog of about 1.2 million claims as of October 26, 2024 ...
The IRS sent out 20,000 correspondence letters disqualifying these taxpayers from claiming the Employee Retention Credit, or ERC. IRS rejects claims from 20,000 taxpayers for lucrative small ...
The IRS has delayed processing of properly submitted ERTC claims, leaving small businesses in the dark and owed over $100 billion, while the Biden administration has not addressed the wider issue ...
The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.
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