IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program
By MAE ANDERSON AP Business Writer NEW YORK (AP) — The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers
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