Stop the Scam: Important Update from the IRSHaley Hamm
Please help spread this important message about the Employee Retention Credit (ERC) and the continually evolving scams related to the credit. The ERC, sometimes also called the Employee Retention Tax Credit or ERTC, is a valuable credit for businesses and tax-exempt organizations that qualify for this pandemic-related credit in 2020 and 2021. Claiming the ERC improperly could result in someone having to repay the credit, along with potential penalties and interest. We don’t want this to happen to taxpayers!
Recently, the IRS shared information on the warning signs of aggressive ERC marketing and details on how promoters lure victims. You can help employers protect themselves by sharing IRS materials about ERC scams. Stay educated with the video below.