Breitbart
The Internal Revenue Service has reviewed some one million claims for coronavirus pandemic-era Employee Retention Credit (ERC) tax breaks representing $86 billion and declared the “vast majority” are at risk of being improper.
Congress established the program during the coronavirus pandemic as an incentive for businesses to keep workers on the payroll but it quickly became a magnet for fraud.
Demand for the credit soared as Congress extended the tax break and made it available to more companies. Aggressive marketers dangled the prospect of enormous refunds to business owners if they would just apply, AP reports.
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