The IRS said businesses can pursue the claim withdrawal process if they need to ask the IRS not to process an ERC claim for any tax period that hasn’t been paid yet.
'Vast majority' of 1 million pandemic-era credit claims show a risk of being improper, IRS says
→
The IRS says filings for large pass-through businesses used for the type of tax avoidance in the guidance increased 70% from 174,100 in 2010 to 297,400 in 2019.
IRS seeks to end another major tax loophole for the wealthy and raise $50 billion in the process
→