The federal government set aside $400 billion for the Employee Retention Credit, but the IRS is investigating companies that fraudulently claim it. Only apply if you actually qualify, and avoid service providers pushing sketchy claims.
Congress set aside a bunch of money for this program. So it's a whole big pot of money. It's like $400 billion.
There's certain rules that if you do qualify, you are entitled to get that money. But I think some of these firms or businesses are bending the rules or just downright fraud to get access to that. It's definitely important to get what you're entitled for if you actually go through the requirements of what it takes to qualify. If you don't qualify, definitely don't recommend you trying to get this credit because IRS is well aware of the fraud going on and they're most likely going to investigate it. So you want to be on the right side of things here.
Absolutely. No matter how convincing Snoop Dogg may sound, uh, if you qualify, please, please take the credit. This is what it's intended for. Let's be careful because there's a lot of shadiness going on.
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