The IRS continues efforts to tackle erroneous Employee Retention Tax Credit (ERC) claims. The agency says it has protected over $1 billion in revenue by increasing enforcement surrounding questionable ERC claims driven by aggressive and misleading marketing.
IRS Commissioner Danny Werfel highlighted the agency’s commitment to safeguarding small businesses against widespread abuse of the ERC program, stating in a release, “We are encouraged by the results so far of our initiatives designed to help misled businesses, and the IRS will continue our broader compliance work given the aggressive marketing we’ve seen with this credit.”
