IRS Commissioner signals new phase of Employee Retention Credit work; with backlog eliminated, additional procedures will be put in place to deal with growing fraud risk
The IRS has issued a renewed warning about fraudulent schemes related to the Employee Retention Credit (ERC). The agency and tax professionals continue to see third-party promoters aggressively promoting these ERC schemes on radio and online.
One of the biggest problems with ERC scams is the way they are advertised. Scammers often claim that businesses can receive up to $26,000 in tax credits, without providing any context or information about the program.
Beware of "ERC Mills" scamming business owners.