“The completion of this review provided the IRS with new insight into risky Employee Retention Credit activity and confirmed widespread concerns about a large number of improper claims,” said IRS Commissioner Danny Werfel.
'Vast majority' of 1 million pandemic-era credit claims show a risk of being improper, IRS says
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“These tax shelters allow wealthy taxpayers to avoid paying what they owe," IRS commissioner Danny Werfel said.
IRS seeks to end another major tax loophole for the wealthy and raise $50 billion in the process
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