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'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS

Posted on AllSides June 24th, 2024
From The Right
Susan Sheldon |

You can add the Internal Revenue Service to the ranks of federal agencies conceding that raining taxpayer money on all and sundry to offset the negative effects of pandemic-era closures didn't go as well as intended. Not only was a program meant to offset the cost of paying workers during lockdowns and voluntary social-distancing prone to being gamed, but the "vast majority" of claims submitted to the program show evidence of being fraudulent.

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