There Is A New Wave In Fraud Surrounding The Employee Retention Tax Credit: Stealing Checks
SAN DIEGO, Sept. 21, 2023 /PRNewswire/ -- Just when it seemed the Employee Retention Tax Credit could not attract any more repercussions for businesses, a new method of fraud has emerged surrounding the checks themselves. Just last month, four individuals were formally charged with participation in a bank fraud scheme relating to the theft of business checks issued as part of the Employee Retention Tax Credit program.
- Just last month, four individuals were formally charged with participation in a bank fraud scheme relating to the theft of business checks issued as part of the Employee Retention Tax Credit program.
- When an ERTC check is issued, it is printed by the Department of Treasury and distributed to taxpayers via the mail.
- The first indication that a business may have been a victim of stolen checks or fraud is receiving a letter from the IRS questioning their Employee Retention Tax Credit claim.
- Brotman Law is available to speak with any business owner, professional services provider or individual about their Employee Retention Tax Credit claim and can be reached on their website.