The Internal Revenue Service is expanding its efforts to crack down on fraud in a pandemic-era tax credit program after finding a majority of outstanding claims seemed improper.
The I.R.S. is extending its freeze on new claims and denying tens of thousands of claims it deemed erroneous, while investigating illicit tax preparers encouraging ineligible applicants.
The tax credit program, part of the pandemic relief legislation, provides up to $26,000 per employee, but many cases involved false claims for non-existent businesses or inflated employee numbers.
The I.R.S. commissioner expressed concern over taxpayers misled by promoters into believing they're eligible, emphasizing the agency's vigilance in scrutinizing claims for legitimacy.
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