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  • Writer's pictureAmi Kassar

AmiSight 6/19: The Employee Retention Tax Credit Catches Hits the IRS’s Annual “Dirty Dozen” List

A recent article in CNBC sends alarms about the popular ERC program that has become the nemesis of my spam blocker on my cell phone.

“Specialist” small business consulting firms have sprung up to help business owners claim the Employee Retention Credit, a governmental tax incentive for companies stressed by the pandemic. The Internal Revenue Service has become skeptical of ERC claims, especially given how easy it has become to file for the credit. The IRS added fraudulent claims involving the ERC to its annual 'Dirty Dozen' list of tax scams, and the risks of a costly audit are now elevated for firms that improperly claim the credit.

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1 Comment

Jun 19, 2023

I've gotten frequent invitations to hire consultants to help me get the "easy" ERC money. Knowing the criteria, I've been very uncomfortable with the aggressive marketing of such efforts. I was convinced the IRS would be aggressive about auditing these. Thanks for confirming that they are.

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