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“Bernie,” an adjuster for a major auto insurance company phoned, and described an insurance claim “that would be a great story for your column.” I had to control myself from laughing as she explained what happened. Apparently “Carol’s” work truck was stolen under “highly suspicious circumstances, and I suspect she was given some very bad […]
DENNIS BEAVER: “Use common sense with your vehicles and property. We all have a duty to not increase a risk of loss or injury by being careless or negligent.”
Insurance adjusters know fraud when they see it. A fraudulent claim can follow you for years, resulting in much higher rates and even canceled policies.
Due to an alarming amount of fraud, the IRS has stopped processing new employee retention tax credit claims. Due to an increase in ERC tax credit scams and fraud and to protect honest business owners, the IRS won't process new employee retention credit (ERC) claims for the foreseeable future. The immediate moratorium on new ERC claims processing was announced Thursday by IRS Commissioner Danny Werfel in response to concerns raised by tax professionals, the media, and the agency about scams surro
Amid growing concerns about fraud, the Internal Revenue Service announced on Thursday a moratorium on new claims for the Employee Retention Credit, a refundable tax credit created by Congress in 2020 to encourage businesses to keep employees on the job during the Covid-19 pandemic. New claims for the credit, which is worth as much as $26,000 per employee for eligible organizations, will not be processed until next year at the earliest as the tax agency takes time to examine the 600,000 claims cu