The IRS is rejecting more than 20,000 Employee Retention Credit applications as part of an overhaul on how it oversees the Covid-19-era small-business tax credit.

Small-business owners are receiving letters from the IRS asking for information about their claimed Employee Retention Credits — and an invitation to withdraw if they realize they no longer qualify.

The IRS is rejecting more than 20,000 Employee Retention Credit applications as part of an overhaul on how it oversees the Covid-19-era small-business tax credit.

A new batch of letters shows how the agency is working every angle to combat fraud in the lucrative tax-credit program — as well as the audit risk for businesses. The Business Journals Select a City ...

The IRS is rejecting more than 20,000 Employee Retention Credit applications as part of an overhaul on how it oversees the Covid-19-era small-business tax credit.

The new batch of letters shows how the IRS is working every angle to combat fraud in the lucrative Employee Retention Credit program. Getty Images (designer491) By Andy Medici – Senior Reporter ...