{"id":1871060,"date":"2023-03-07T18:57:50","date_gmt":"2023-03-07T23:57:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-investigating-employee-retention-credit-claims-and-issues-warning\/"},"modified":"2023-03-07T19:00:21","modified_gmt":"2023-03-08T00:00:21","slug":"irs-investigating-employee-retention-credit-claims-and-issues-warning","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-investigating-employee-retention-credit-claims-and-issues-warning\/","title":{"rendered":"IRS investigating Employee Retention Credit claims and issues warning"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firs-investigating-employee-retention-credit-claims-and-issues-warning%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1871060&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78224699\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Kari Lake on short list of candidates Trump wants as 2024 running mate: Report\">               <meta itemprop=\"description\" content=\"Arizona GOP gubernatorial candidate Kari Lake is reportedly among the short list of female candidates former President Donald Trump is considering as his 2024 running mate. Lake, who rose to fame during the 2022 midterm elections when she ran for governor in Arizona, could be a major asset for Trump as he courts white suburban female voters. The Republican candidate closely aligned herself with the former president throughout her gubernatorial campaign, defending Trump's claims that the 2020 election was stolen through widespread voter fraud \u2014 later using similar rhetoric to argue against her own electoral loss in 2022.\">               <meta itemprop=\"duration\" content=\"PT1M22S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-07 17:06:17\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1256991_th_1678210388.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1256991.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78224699\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1256991\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>He <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/irs\" target=\"_blank\" rel=\"noopener\">Internal Revenue Service<\/a> On Tuesday, the IRS advised taxpayers to read carefully the guidelines for Employee Retention credit before applying for the credit. The warning cited third-party encouragement to claim credit even though they were not eligible as an explanation. <\/p>\n<p>These credit programs are being aggressively promoted by third parties on radio and online. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/taxes\" target=\"_blank\" rel=\"noopener\">tax<\/a> season. Most companies charge high upfront fees, or they will vary the fee based on how much one receives in tax refunds. <a class=\"Link\" href=\"https:\/\/www.irs.gov\/newsroom\/irs-issues-renewed-warning-on-employee-retention-credit-claims-false-claims-generate-compliance-risk-for-people-and-businesses-claiming-credit-improperly\" target=\"_blank\" rel=\"noopener\">according to<\/a> An IRS news release. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/tax-season-2023-steps-to-make-filing-your-taxes-easier\" target=\"_blank\" rel=\"noopener\">TAX SEASON 2023: STEPS TO TAKE TO MAKE TAX FILING EASIER<\/a><\/b> <\/p>\n<p>&#8220;While this is a legitimate credit that has provided a financial lifeline to millions of businesses, there continue to be promoters who aggressively mislead people and businesses into thinking they can claim these credits,&#8221; Doug O&#8217;Donnell is acting IRS Commissioner. <\/p>\n<p>&#8220;Anyone who is considering claiming this credit needs to carefully review the guidelines,&#8221; O&#8217;Donnell said. &#8220;If the tax professional they&#8217;re using raises questions about the accuracy of the Employee Retention Credit claim, people should listen to their advice. The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this.&#8221; <\/p>\n<p>IRS defines the Employee Retention Credit as a tax credit that can be refunded for employees. <\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>Click Here to Read More <a href=\"https:\/\/www.washingtonexaminer.com\/finance-economy\/irs-warning-employee-retention-credit-claims\">IRS investigating Employee Retention Credit claims and issues warning<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>THe Internal Revenue Service On Tuesday, the IRS advised taxpayers to read carefully the guidelines for Employee Retention credit before applying for the credit. The warning cited third-party encouragement to claim credit even though they were not eligible as an explanation. These credit programs are being aggressively promoted by third parties on radio and online. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[4856,6178,4317,4055,8362,4065,12992,7267],"class_list":["post-1871060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-claims","tag-credit","tag-employee","tag-investigating","tag-irs","tag-issues","tag-retention","tag-warning"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1871060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1871060"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1871060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896694"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1871060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1871060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1871060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}