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GAO official: Employee Retention Tax Credit 'basically over' but pandemic‑era fraud requires permanent oversight
Summary
GAO testimony to a Senate committee said the Employee Retention Tax Credit is effectively finished but left open amended claims; GAO urged permanent data‑sharing and stronger inspector‑general authority to detect and recover pandemic‑era improper payments.
An unnamed senator opened a Senate hearing by citing the 2024 Government Accountability Office report that flagged extensive fraud in the Employee Retention Tax Credit (ERTC) and said the Internal Revenue Service had paused processing new claims.
Mister Dodaro, a GAO official, told the committee that “it’s basically over,” referring to the active period for ERTC claims, but he added that taxpayers can still file amended returns that may have tax implications. He described the program as “ill‑fated” and said the IRS needs to focus on compliance and recovering…
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