IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program

FILE – A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shut downs, but it quickly became a magnet for fraud. (AP Photo/Patrick Semansky, File)

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