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On Hold stamped on ERC application

IRS Extends ERC Claim Freeze Due to Rampant Fraud

The Employee Retention Credit (ERC), originally a part of 2020 pandemic relief, provided up to $26,000 per employee to help businesses manage financial hardships and retain employees. The plan was to distribute $55 billion over ten years, but the IRS has paid out an unexpected $230 billion due to widespread abuse of the program. This […]