The IRS recently released its 2023 “Dirty Dozen” tax avoidance and fraud list consisting of nine consumer-targeted fraud schemes and three categories carried over from 2022.
Consumer-Focused Fraud
Employee Retention Credit. The ERC is a refundable tax credit designed for businesses that closed during COVID-19 but still paid their employees or that had a significant decline in gross receipts during the eligibility periods. It’s not available to individuals, and employers cannot claim it on wages reported as payroll costs in obtaining Paycheck Protection Program loan forgiveness.
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