IRS Steps Up Civil and Criminal Tax Enforcement Regarding Employee Retention Credit by STEVEN TOSCHER and PHILIPP BEHRENDT
Posted by Hochman Salkin Toscher Perez P.C. Posted on Thursday, July 27, 2023
The Employee Retention Credit (ERC) has been a lifeline for businesses struggling during the COVID-19 pandemic. Designed to provide financial assistance to eligible employers who kept their workforce employed during times of economic hardship, the ERC has proven to be a vital source of support for many. However, with its increasing popularity, aggressive marketing tactics, and potential for misuse, the IRS has found itself facing a growing challenge in ensuring the program’s integrity.