The U.S. IRS has issued a renewed warning against false claims for the Employee Retention Credit, a refundable tax credit that was introduced for businesses that continued paying employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from 13 March 2020 to 31 December 2021. --- IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly IR-2023-40, March 7, 2023 WASHINGTON — The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines...