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A year ago, the IRS had been warning about abuse related to ERC. In May, it specifically warned against pop-up ERC companies that were luring unqualified small businesses into claiming credits ...
The agency has also found ERC-related fraud totaling around $3.4 billion and initiated 252 investigations involving another $2.8 billion in potential scams as of the end of July.. The IRS has also ...
The spokesperson said businesses can contact Innovation Refunds “via email” to get money back if they have discovered they are ineligible. IRS scrutiny of ERC promoters will continue, Werfel said.
The IRS never initiates contact with taxpayers through email, text or social media about bills or refunds, according to the agency. The IRS noted that the third round of Economic Impact Payments ...
On August 8, 2024, the IRS announced that it would begin processing claims submitted between September 14 2023, and January 30, 2024. [ 37 ] The Internal Revenue Service plans to introduce a settlement program for businesses that were victims of companies that told the businesses they were eligible for the Employee Retention Credit when they ...
The IRS says it's making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
AOL Mail is focused on keeping you safe while you use the best mail product on the web. One way we do this is by protecting against phishing and scam emails though the use of AOL Official Mail. When we send you important emails, we'll mark the message with a small AOL icon beside the sender name.