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On Oct. 19, 2022, the IRS issued a warning to employers about what it calls “third parties” who promote claiming large employment tax refunds from improperly claiming the Employee Retention Credit (ERC). The ERC was established to provide a refundable employment tax credit to help small to mid-sized businesses impacted during the second through fourth quarters of 2020 and the first three quarters of 2021 by the COVID epidemic to keep their staff employed.

Continue reading the full GT Alert.