'It's like almost universal fraud in the program': Lawmakers race to wind down COVID-era employee retention tax credit

'It's like almost universal fraud in the program': Lawmakers race to wind down COVID-era employee retention tax credit

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When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a COVID-era tax break were fraudulent. “He looked at…

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