IRS’s Top Problem Is Unpaid COVID Relief for 1 Million Businesses: Report
The pandemic program was supposed to be a ‘lifeline’ for small businesses but has been a source of frustration, according to a government watchdog. The IRS’s handling of a COVID-era tax credit ranks as the agency’s most serious problem, hurting “countless eligible businesses,” a government watchdog says. Missteps have plagued the Employee Retention Credit program,