https://www.wsj.com/politics/policy/pandemic-tax-credit-went-wrong-b25ab03a
A pandemic-relief incentive for businesses and nonprofits to keep workers on payrolls spurred a wave of fraud that the Internal Revenue Service has struggled to contain.
Employee-retention credit has cost the government about four times as much as expected—and counting
— While hundreds of thousands of struggling employees during COVID couldn’t get access to unemployment checks due to fraud, delays, and backlogs… Tens of thousands of fraudulent “businesses” and sole-proprietorships employing phantom employees got $27,000 each in ERC, with no taxes.
Is anyone else tired of the rampant pandemic fraud among businesses which never got investigated? We are talking $400 billion dollars. That’s $30 for every working American adult.
by FarrisAT