House Republicans’ plan to end an expensive and troubled pandemic-era tax credit program early to help pay for other tax cuts is likely to seed a wave of new due-process issues and court challenges from businesses and nonprofits.
The tax bill unveiled this week would cut short the window to claim the lucrative employee retention credit that Congress enacted in 2020 to help businesses and nonprofits keep workers during the Covid-19 pandemic.
While terminating the program prematurely would offset some of the costs of enhancing business breaks, it adds fuel to an already sensitive issue for the IRS and businesses. ...
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