Have you heard about Employee Retention Tax Credit fraud? You see a lot of pop-up companies, like ERC mills, promoting $26,000 dollar tax credits per employee, and how they’re getting businesses hundreds of thousands of dollars back in tax credits.

This is a legitimate tax credit, but whenever there is a program like this, with large sums of money available and the publicity it’s getting, you’ll invariably get lots of fraud and abuse. If you’re not careful, you can get seriously burned.

ERC tax credit fraud could be one of, if not the largest, tax-related scams in U.S. history. According to a report by the Treasury Inspector General, the IRS has identified more than 11,000 “suspicious” federal returns that claimed more than $2 TRILLION in tax credits.

In this video, I’ll show you what to look out for, so that you don’t get caught up in Employee Retention Tax Credit fraud. And what to do if you did. And most importantly how to best protect yourself.

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Do you have questions about IRS Auditing ERTC Tax Credit Fraud? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.

Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

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