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IRS Steps Up Civil and Criminal Tax Enforcement Regarding Employee Retention Credit by STEVEN TOSCHER and PHILIPP BEHRENDT

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.

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