When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. IRS has improved taxpayer services but is slow to resolve ID ...

   www.aol.com/irs-improved-taxpayer-services-slow...

   The Employee Retention Credit, or ERC, was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules ...

3. Taxpayer woes: Waiting nearly two years for refunds after ID ...

   www.aol.com/taxpayer-woes-waiting-nearly-two...

   Congress created the complex employee retention credit to help struggling businesses and exempt organizations recover from losses during the COVID-19 pandemic. ... the IRS gave an update on the ...

4. IRS to start ‘intensifying audits’ on bogus employee ...

   www.aol.com/irs-start-intensifying-audits-bogus...

   Walloped by bogus claims for the pandemic-era Employee Retention Tax Credit (ERC), the IRS says it’s ramping up audits and criminal investigations of suspected fraud. The IRS has sent out 28,000 ...

5. Employee Retention Credit - Wikipedia

   en.wikipedia.org/wiki/Employee_Retention_Credit

   The Employee Retention Credit is equal to 50 percent of qualified wages paid to eligible employees between March 13, 2020, and December 31, 2020. [14] Eligible employee is defined differently depending on the size of the employer. If the employer averaged 100 or fewer full-time employees [h] during 2019, then all of its employees are eligible ...

6. Tax Relief for American Families and Workers Act - Wikipedia

   en.wikipedia.org/wiki/Tax_Relief_for_American...

   In order to pay for the cost of the tax bill, a provision was included to halt the employee retention tax credit , a pandemic-era employer tax benefit that cost the federal government billions more than had been projected and has been considered as a magnet for fraud. The employee retention credit, created in 2020 and expanded in 2021, was ...

7. The IRS is right to scrutinize pandemic-era employee ... - AOL

   www.aol.com/finance/irs-scrutinize-pandemic-era...

   Last month, the Internal Revenue Service (IRS) announced an extension of a pause on processing Employee Retention Credit (ERC) claims submitted after Sep. 14, 2023.