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IRS halts processing of a small business tax break amid ‘surge of questionable claims’

Business
Updated:
Chris Washington
By Chris Washington
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IRS halts processing of a small business tax break amid ‘surge of questionable claims’
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The processing pause on new ERC claims will be in effect through at least the end of 2023. Normal processing times for existing claims could stretch from the standard goal of 90 days to 180 days or longer.

IRS increasingly alarmed by ‘unscrupulous actors’

“The IRS is increasingly alarmed about honest small business owners being scammed by unscrupulous actors, and we could no longer tolerate growing evidence of questionable claims pouring in,” Werfel said.

The IRS has received approximately 3.6 million claims over the course of the program and the current open inventory has more than 600,000 claims, most of which have been received over the past 90 days.

As of July 1, 2023, the IRS criminal investigation division has initiated 252 investigations involving more than $2.8 billion of potentially fraudulent ERC claims. Some 15 of the 252 investigations have resulted in federal charges and six of the 15 have resulted in conviction, Werfel said.

“We want businesses to step back and talk to a trusted tax professional, not a promoter out looking to take a big chunk of a refund,” he said.

The agency is working on a settlement program for small businesses that may have wrongly received the refund.

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Chris Washington
Chris Washingtonhttps://whnynews.com
Chris Washington brings over 25 years of experience in financial journalism to WHNY News. A Schenectady native, Chris has a keen eye for business trends impacting upstate New York. His insightful reporting has earned him numerous accolades. Chris holds a degree in Economics from Syracuse University.
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  918. I would like to thank you for the efforts you have put in penning this blog. I’m hoping to check out the same high-grade blog posts by you in the future as well. In truth, your creative writing abilities has encouraged me to get my very own site now 😉

  919. An outstanding share! I have just forwarded this onto a coworker who was doing a little research on this. And he actually ordered me breakfast because I found it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanx for spending some time to talk about this issue here on your website.

  926. I blog frequently and I truly thank you for your information. This article has really peaked my interest. I’m going to book mark your site and keep checking for new details about once a week. I opted in for your Feed as well.

  929. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the posts I realized it’s new to me. Anyhow, I’m definitely delighted I discovered it and I’ll be book-marking it and checking back regularly!

  938. May I simply just say what a comfort to find somebody that actually knows what they’re talking about online. You actually understand how to bring an issue to light and make it important. More people have to check this out and understand this side of your story. I was surprised you aren’t more popular given that you surely have the gift.

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  944. When I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve 4 emails with the exact same comment. Is there a means you are able to remove me from that service? Kudos.

  946. An impressive share! I’ve just forwarded this onto a colleague who had been doing a little research on this. And he actually bought me dinner simply because I stumbled upon it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to talk about this topic here on your blog.

  947. I’m amazed, I have to admit. Rarely do I come across a blog that’s both educative and engaging, and without a doubt, you have hit the nail on the head. The problem is an issue that not enough folks are speaking intelligently about. Now i’m very happy that I came across this during my hunt for something concerning this.

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  964. When I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get 4 emails with the same comment. There has to be a means you can remove me from that service? Many thanks.

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  979. May I just say what a comfort to find someone that really knows what they’re talking about on the net. You actually realize how to bring an issue to light and make it important. A lot more people must check this out and understand this side of the story. It’s surprising you are not more popular since you most certainly possess the gift.

  981. Hi there, I believe your website may be having web browser compatibility issues. When I look at your website in Safari, it looks fine however, if opening in IE, it’s got some overlapping issues. I merely wanted to give you a quick heads up! Other than that, fantastic blog.

  982. May I simply say what a relief to uncover an individual who truly knows what they are discussing over the internet. You actually know how to bring an issue to light and make it important. More and more people should check this out and understand this side of the story. I was surprised that you are not more popular since you most certainly possess the gift.

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  989. Can I simply say what a relief to uncover somebody that really understands what they are talking about online. You certainly know how to bring an issue to light and make it important. More and more people really need to read this and understand this side of the story. I was surprised you aren’t more popular since you most certainly possess the gift.

  990. May I simply just say what a relief to find an individual who genuinely knows what they’re discussing on the web. You definitely know how to bring an issue to light and make it important. More and more people should check this out and understand this side of your story. It’s surprising you aren’t more popular because you surely possess the gift.

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  1011. I truly love your website.. Excellent colors & theme. Did you make this amazing site yourself? Please reply back as I’m trying to create my very own site and want to learn where you got this from or exactly what the theme is called. Many thanks!

  1012. Can I simply say what a relief to uncover an individual who truly knows what they’re talking about on the net. You definitely realize how to bring an issue to light and make it important. A lot more people ought to look at this and understand this side of the story. I was surprised you’re not more popular because you surely have the gift.

  1015. When I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get 4 emails with the exact same comment. Is there an easy method you are able to remove me from that service? Appreciate it.

  1018. I have to thank you for the efforts you’ve put in writing this site. I’m hoping to see the same high-grade content by you in the future as well. In fact, your creative writing abilities has encouraged me to get my very own blog now 😉

  1021. Can I just say what a comfort to uncover someone who genuinely knows what they are talking about over the internet. You actually know how to bring a problem to light and make it important. A lot more people ought to check this out and understand this side of the story. I can’t believe you are not more popular because you most certainly have the gift.

  1027. After I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I get four emails with the same comment. There has to be a way you can remove me from that service? Kudos.

  1031. I have to thank you for the efforts you have put in writing this blog. I really hope to see the same high-grade content from you in the future as well. In fact, your creative writing abilities has inspired me to get my very own blog now 😉

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  1036. Your style is so unique in comparison to other people I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I will just book mark this blog.

  1040. Hello there! I could have sworn I’ve been to this website before but after browsing through a few of the articles I realized it’s new to me. Anyhow, I’m definitely happy I discovered it and I’ll be bookmarking it and checking back often!

  1041. I was very pleased to discover this page. I want to to thank you for your time for this particularly wonderful read!! I definitely really liked every little bit of it and I have you book-marked to check out new stuff on your site.

  1042. After looking into a handful of the blog posts on your blog, I truly appreciate your way of blogging. I added it to my bookmark website list and will be checking back in the near future. Please visit my web site as well and let me know how you feel.

  1044. I absolutely love your website.. Very nice colors & theme. Did you create this website yourself? Please reply back as I’m trying to create my very own website and would like to know where you got this from or exactly what the theme is named. Many thanks!

  1050. Oh my goodness! Incredible article dude! Many thanks, However I am having difficulties with your RSS. I don’t know why I am unable to join it. Is there anybody else getting similar RSS issues? Anybody who knows the solution will you kindly respond? Thanks.

  1053. Can I simply say what a comfort to find somebody who genuinely understands what they’re discussing on the web. You definitely know how to bring a problem to light and make it important. More and more people must check this out and understand this side of the story. I can’t believe you aren’t more popular given that you surely have the gift.

  1056. Next time I read a blog, I hope that it doesn’t disappoint me just as much as this one. I mean, I know it was my choice to read through, nonetheless I really believed you would have something helpful to say. All I hear is a bunch of complaining about something you could fix if you were not too busy seeking attention.

  1058. Having read this I believed it was rather informative. I appreciate you finding the time and effort to put this information together. I once again find myself spending way too much time both reading and leaving comments. But so what, it was still worth it!

  1061. I blog frequently and I seriously appreciate your information. Your article has really peaked my interest. I am going to bookmark your website and keep checking for new details about once per week. I opted in for your RSS feed as well.

  1062. This is the right webpage for anybody who hopes to find out about this topic. You realize a whole lot its almost hard to argue with you (not that I personally would want to…HaHa). You definitely put a fresh spin on a topic that’s been discussed for ages. Excellent stuff, just excellent.

  1067. Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It’s always interesting to read through content from other writers and use something from their websites.

  1070. I blog frequently and I truly appreciate your information. Your article has truly peaked my interest. I’m going to book mark your blog and keep checking for new information about once a week. I subscribed to your RSS feed as well.

  1073. May I simply just say what a comfort to discover somebody who actually understands what they’re talking about on the net. You actually understand how to bring an issue to light and make it important. More people must read this and understand this side of the story. I was surprised that you aren’t more popular because you most certainly have the gift.

  1075. A motivating discussion is worth comment. I believe that you ought to publish more on this subject, it might not be a taboo subject but typically folks don’t discuss these topics. To the next! Many thanks.

  1077. An impressive share! I’ve just forwarded this onto a coworker who had been doing a little research on this. And he in fact bought me breakfast due to the fact that I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to talk about this matter here on your web page.

  1078. Your style is really unique in comparison to other folks I have read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I will just book mark this page.

  1079. Hi! I could have sworn I’ve been to this web site before but after looking at a few of the posts I realized it’s new to me. Regardless, I’m definitely delighted I came across it and I’ll be bookmarking it and checking back frequently.

  1083. Nice post. I learn something totally new and challenging on sites I stumbleupon every day. It will always be interesting to read through content from other writers and practice a little something from other web sites.

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  1132. Having read this I believed it was extremely informative. I appreciate you spending some time and effort to put this content together. I once again find myself personally spending a significant amount of time both reading and leaving comments. But so what, it was still worth it.

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