The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention tax credit. Here's what filers need to know.
Headline is a little misleading, makes it sound like irs is denying individuals refunds. They’re rejecting claims from businesses who wrongly claimed an employee retention tax credit:
“The agency is rejecting filings from entities that didn’t exist or didn’t have paid employees during the eligibility period.”
Headline is a little misleading, makes it sound like irs is denying individuals refunds. They’re rejecting claims from businesses who wrongly claimed an employee retention tax credit:
“The agency is rejecting filings from entities that didn’t exist or didn’t have paid employees during the eligibility period.”
Thank you!