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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.
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