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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.
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 ...
An IRS impersonation scam is a class of telecommunications fraud and scam which targets American taxpayers by masquerading as Internal Revenue Service (IRS) collection officers. [1] The scammers operate by placing disturbing official-sounding calls to unsuspecting citizens, threatening them with arrest and frozen assets if thousands of dollars ...
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 ...
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
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.