The IRS has announced a special withdrawal process for small businesses that wrongly claimed the employee retention tax credit. Here's what to know.
The IRS has announced a special withdrawal process for small businesses that wrongly claimed a pandemic-era tax break.
"I'm actually shocked at some of the horror stories we've been seeing," said Hylton, who is a former IRS commissioner for the agency's small business and self-employed division.If you've neither received an employee retention credit refund nor cashed your ERC refund check, there's still time to withdraw your filing, according to the agency.
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