Tax officials see “red flags” in at least 70 percent of claims for the Employee Retention Credit program, IRS Commissioner Danny Werfel said. Updated June 20, 2024 More than 1 year ago 4 min ...

In recent weeks, IRS Commissioner Danny Werfel said the agency has denied 28,000 high-risk claims for the Employee Retention Credit worth about $5 billion and initiated 460 criminal cases.

The IRS will deny billions of dollars' worth of claims for a pandemic-era tax break while working to process lower-risk filings. Enacted to support small businesses during the Covid-19 pandemic ...

The Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era employee retention tax credit, and to maintain a moratorium on processing claims filed since mid ...

The Internal Revenue Service is pausing accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent. The tax credit, called the Em… ...

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.

New claims for the employee retention credit, or ERC, won’t be processed until at least 2024, the IRS announced Thursday. The tax agency also plans to give tougher scrutiny to an existing queue ...

Now, the IRS will begin processing claims submitted between Sept. 14 and Jan. 30. “Today, the tide is starting to turn on the Employee Retention Credit program,” IRS Commissioner Danny Werfel ...