Employee Retention Credit Schemes Are Symptoms Of A Dysfunctional Tax System [Forbes]
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Source: Forbes
A couple of weeks ago he called me to encourage me to write about the Employment Retention Credit (ERC). He told me his phone was ringing off the hook about it, I thought ERC and the abuse that was going on with it was old news. That's mainly because the only # I pay serious attention to is # TaxTwitter . You may not follow #TaxTwitter, but the IRS clearly does Even the New York Times is catching on. New York Times Story Alan Rappeport has a story about ERC in the New York Times. It is quite good, even excellent by the standards of New York Times tax coverage. I love the New York Times. Brian Moroney, an English teacher at Xavier High School, required us to get it on Sundays and read the literary section. And then there are the obituaries. Tax coverage not so much. It comes across in the headline This Little-Known Pandemic-Era Tax Credit Has Become a Magnet for Fraud . Tax pros have been dealing with the ERC fraud problem for a while. This is from nearly year ago. How Did We G
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