IRS Warns of Aggressive Employee Retention Credit Claims

The Internal Revenue Service recently listed aggressive Employee Retention Credit (ERC) claims on their 2023 Dirty Dozen list of tax scams. The IRS is aware of third-party providers offering ERC services that are potentially fraudulent. You can read more from the IRS update here.

These providers are targeting businesses and falsely claiming that they can assist in securing ERC funds. However, they are charging exorbitant fees for their services and often submitting fraudulent claims to the Internal Revenue Service (IRS) on behalf of their clients. Not only is this potentially illegal, but it also puts your business at risk of severe penalties.

As your trusted advisors, we want to remind you that the best way to obtain ERC funds is through working directly with qualified tax professionals. We have a team of experts who are well-versed in the ERC rules and regulations and can assist you in determining your eligibility for the credit.

It is also crucial to be vigilant and cautious when dealing with third-party providers. Be sure to thoroughly research any provider you are considering working with and always ask for references and proof of their qualifications.

If you have already been working with a third-party provider and have concerns about the legitimacy of their services, please reach out to us immediately (and your legal counsel). We can help you assess the situation and take appropriate action to protect your business.