A program implemented during the COVID era is experiencing a significant amount of fraud. In response, Congress plans to phase it out and increase the child tax credit.
During a recent private meeting with senators, IRS Commissioner Danny Werfel was asked by the chairman of the Senate Finance Committee to provide his evaluation of a concerning report. The report, based on information from a whistleblower, claimed that 95% of current business claims for a tax break related to COVID-19 were fraudulent. The lawmaker
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