ERC Claims Halt.pdf

FEDERAL-TAX-WEEKLY-HEADLINES-NO.-38-September-21-2023.pdf
Preview of ERC Claims Halt
🔗 Source: arrowheadtaxservice.com
📊 Size: 201 KB
📄 Pages: 11 pages
⬇️ Downloads: 75

Summary

The IRS has stopped processing new Employee Retention Credit (ERC) claims due to a surge in scams and fraudulent activity, with over 3.6 million claims received and 600,000 pending, and will only process existing claims with stricter compliance reviews, resulting in longer wait times. The Treasury Department is seeking legislative assistance to combat ERC fraud, including authority to regulate paid preparers and legislation to reduce fraud and abuse associated with the ERC.

Description

The IRS has stopped processing new Employee Retention Credit (ERC) claims due to a surge in scams and fraudulent activity, with over 3.6 million claims...

Technical Information

  • File Format: PDF
  • File Size: 201 KB
  • Pages: 11
  • Language: EN
  • Total Downloads: 75
  • Last Updated: 1 week ago

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