The U.S. IRS has issued a renewed warning against false claims for the Employee Retention Credit, a refundable tax credit that was introduced for businesses that continued paying employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from 13 March 2020 to 31 December 2021.
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IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly
IR-2023-40, M…