Some unscrupulous promoters have marketed misleading information about Employee Retention Credit eligibility rules to well-intentioned businesses. The IRS is highlighting seven suspicious signs and urging business to seek a trusted tax professional to resolve an incorrect claim while they still can without penalties or interest. There’s
Tax pros: Watch out for EFIN scams
A recurring scam this filing season targets tax professionals with a spearphishing email to collect their Electronic Filing Identification Numbers. Tax pros should be alert to this scam to protect their client data. How the scam worksThe scammer poses as
Businesses should review Employee Retention Credit rules and resolve incorrect claims soon
The IRS urges businesses to review their eligibility for the Employee Retention Credit because there’s limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as penalties and interest. Some honest businesses were misled into filing