In response to widespread fraud involving the Employee Retention Tax Credit (ERTC), the IRS has added new frequently asked questions (FAQs) about the credit to its website. The IRS stresses that while some promoters are claiming that all employers qualify for the ERTC, this isn’t true. Eligibility depends on the facts and your specific circumstances. It explains in the FAQs that if employers improperly claim the ERTC, they must pay it back, possibly with penalties and interest. To read the FAQs: https://bit.ly/3qcrrwO
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