IRS unveils ‘special withdrawal process' for small businesses that claimed pandemic-era tax credit

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IRS unveils ‘special withdrawal process' for small businesses that claimed pandemic-era tax credit
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The IRS on Thursday announced a special withdrawal process for small businesses that may have wrongly claimed the so-called employee retention tax credit.

The IRS on Thursday announced a"special withdrawal process" for small businesses that may have wrongly claimed the so-called employee retention tax credit, or ERC.

, has been a magnet for fraudulent or"questionable claims," according to the IRS. Many small businesses were misled by ERC promoters, prompting the agency to temporarily

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