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IRS Building The Internal Revenue Service is examining improper claims businesses have made for the Employee Retention Credit (ERC) a refundable tax credit for certain eligible businesses and tax-exempt organizations were affected during the COVID-19 pandemic. The ERC expired in 2021.
Claims filed after mid-September 2023 have been blocked from being processed by a moratorium.
“In coming weeks, the IRS plans to deny tens of thousands of claims that had shown the greatest risk of being improper, the agency said,” The Wall Street Journal reported , adding, “Pop-up firms and marketers created a mini-industry that encouraged a flood of claims long after the pandemic’s emergency-phase ended—many of which the IRS has said are questionable .”
The Journal noted that the government has doled out roughly $230 billion for the program.“The IRS remains deeply concerned about how many taxpayers have been misled and deluded by promoters into thinking they’re eligible for a big […]
— Read More: www.dailywire.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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