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Tax and financial planning news from around the web: September 25 – 29, 2023

Written on Sep 27, 2023

IRS moratorium on ERC claims spotlights preparers 
The IRS has stopped processing new claims for the Employee Retention Credit as it deals with a surge of dubious claims pushed by so-called ERC mills. Instead, the IRS is encouraging companies to work with qualified tax professionals rather than shady promoters. 

FTC warns tax preparation companies about misuse of consumer data 
FTC says five firms could face civil penalties if they use or disclose data collected for tax preparation for unrelated purposes. 

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