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Congress moves to end COVID employee tax credit
IRS chief told senators a whistleblower estimates 95 percent of current claims are fraudulent prompting a swift wind down of the employee retention tax credit. Lawmakers seek to offset new tax breaks with savings from ending the program and tightening penalties on promoters.
MENTIONED IN THIS ARTICLE
Washington
IRS
Danny Werfel
Senate Finance Committee
Ron Wyden
D-Ore
Congress
Elizabeth Warren
D-Mass
Ron Johnson
R-Wis
Johnson
Warren
Joint Committee On Taxation
House
Senate