On day two of the IRS “Dirty Dozen” list of worst scams, the IRS is again warning of scams involving the Employee Retention Tax Credit (ERTC). The refundable credit was intended to keep workers employed during COVID-19. But bad actors saw opportunities to mislead businesses about eligibility, using aggressive marketing tactics. That led to a wave of ineligible claims topping $1 billion and a halting of new claims while the IRS continues audits and criminal investigations. The IRS reminds businesses that they can still retract erroneous claims that haven’t been paid, but they must act quickly. Contact us with questions.
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