Local Government

Beware of Employee Retention Credit scammers

Small businesses and tax-exempt organizations should steer clear of scammers promising big money with the Employee Retention Credit. The only way to claim the Employee Retention Credit is on a federal tax return.

These scammers may lie about your eligibility. They might charge a big fee to “help” you claim the credit. They line their pockets and leave you with big tax issues because if you claim the credit when you don’t qualify for it, you have to pay it back.

Misinformation is all over the radio, TV, social media, and the internet. You may even get emails or phone calls about it. These scammers lure you with promises of fast money and an “easy application process.”

If you claim the credit, make sure you qualify. To find details about eligibility and how to claim the credit the right way, visit IRS.gov/erc

Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use regular mail, telephone, and email to set up individuals, businesses, payroll, and tax professionals.

The IRS doesn’t initiate contact with taxpayers by email, text messages, or social media channels to request personal or financial information. Know the telltale signs of a scam and how to know it’s really the IRS calling or knocking on your door.


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3 replies »

  1. If you believe you or someone you know may be a victim of a cryptocurrency scam, immediately submit a report to the FBI Internet Crime Complaint Center (IC3) at http://www.ic3.gov or contact your local FBI Field Office and provide as much transaction information as possible.

  2. Hello, I hope this help to educate you so you do not fall victim to Fake Bank Wire Transfers bitcoin scam like myself. I lost over $250,000 , I couldn’t tell anyone of my experience for at least 1yr, I tried hiding everything from my family but they eventually they knew due to my financial breakdown. It doesn’t help to NOT speak out, sometimes if you’re fast enough or lucky enough to meet an Agency working for the Federal Trade commission FTC in USA they are genius and they have vast knowledge of the internet and how to track these funds and perpetrators then make use of it, don’t shy away and watch others become victims. If you are a victim and need help, please talk to them via mail https://www.ftc.gov they’ve helped a number of victims and also report them to the Financial Authority in your country.

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