Erc news and trends

FinCEN Alerts Financial Institutions About Ongoing ERC-Related Fraud Schemes
Security & Fraud // November 22, 2023

Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

IRS Boosts Safeguards on Tax Credit to Prevent PPP-Like Fraud
Regulation // September 14, 2023

The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that happened around the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this...

Quick Reads
IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 

December 21, 2023
The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to repay the funds they received in error.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]

FinCEN Alerts Financial Institutions About Ongoing ERC-Related Fraud Schemes

November 22, 2023
Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IRS Boosts Safeguards on Tax Credit to Prevent PPP-Like Fraud

September 14, 2023
The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that...