IRS Urges Congress to Eliminate Employee Retention Credit as Fraudulent Claims Escalate
Thursday, 20 June 2024, 20:00
IRS Calls for Action
The IRS has raised concerns about the spike in questionable claims linked to the employee retention credit.
Fraudulent Activity
Recent reports have highlighted a surge in 'gold rush' behavior surrounding these claims.
- Protecting Integrity: The IRS is looking to safeguard the credit system from abuse.
- Prevention Measures: Removing the credit could deter further fraudulent activities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.