To say that the Employee Retention Tax Credit (ERTC) has been troublesome for the IRS and some taxpayers is an understatement. Indeed, the IRS crackdown on ineligible ERTC claims came to light in July 2023, when the tax agency announced that it was shifting its ERTC review focus to compliance concerns. Now, the IRS has shared five new red flags that have been a recurring theme it has seen on improperly filed ERTC claims. For example, some businesses are unable to support how a government order fully or partially suspended business operations during the pandemic. Some businesses also improperly reported family members’ wages as qualified wages. Read the other red flags: https://bit.ly/3Abeckl
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