A Surefire Way to Misuse Even More Covid Funds
J.D. Vance’s demands would only add to the massive fraud on the taxpayers. By Readers Aug. 22, 2023 6:35 pm ET At IRS headquarters n Washington, April 7. Photo: Chip Somodevilla/Getty Images Rather than issue a justified criticism of the Internal Revenue Service for delays in processing “millions” of Employee Retention Credit claims, J.D. Vance goes on offense (“Meet the New IRS, Same as the Old IRS,” op-ed, Aug. 18). But a simple conversation with leadership in the accounting profession would inform Sen. Vance that a staggering percentage of those millions of ERC claims are based on bogus interpretations of the criteria for claiming the credit. Billions of Covid-relief funds for small businesses and individuals have already proved to be fraudulent. Processing of those ERC claims as Mr. Vance demands would only add to the massiv
At IRS headquarters n Washington, April 7.
Photo: Chip Somodevilla/Getty Images
Rather than issue a justified criticism of the Internal Revenue Service for delays in processing “millions” of Employee Retention Credit claims, J.D. Vance goes on offense (“Meet the New IRS, Same as the Old IRS,” op-ed, Aug. 18). But a simple conversation with leadership in the accounting profession would inform Sen. Vance that a staggering percentage of those millions of ERC claims are based on bogus interpretations of the criteria for claiming the credit.
Billions of Covid-relief funds for small businesses and individuals have already proved to be fraudulent. Processing of those ERC claims as Mr. Vance demands would only add to the massive fraud on the taxpayers that he wants to protect.
Instead of pushing his knee-jerk “populist” ideology, Mr. Vance might use his Yale education to do some homework.
Kip Dellinger, C.P.A.
Sherman Oaks, Calif.
Mr. Dellinger was the tax policy and practice columnist for Tax Notes magazine.
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