Biden Indicted, IRS Tax Credit Scams, and Hurricane Lee Update
NewsOthersThe latest news includes Hunter Biden's indictment, IRS pausing tax credits for businesses, and Hurricane Lee being downgraded to a non-category three. Read on for more details.
IRS Pumping Brakes on Tax Credits
⚠️Questionable claims for the tax credit are coming from small businesses, many of whom may not be eligible due to complex eligibility rules.
🚫Scammers have targeted small businesses by offering to help them apply for the tax credit for a fee, even if they don't qualify.
Biden Indicted by Federal Judge
🔫Hunter Biden was indicted on three counts related to possession of a gun while using narcotics.
👮Biden allegedly made false statements on a federally mandated form regarding his drug use.
⚖️The charges carry maximum prison sentences of up to 10 years and fines of up to $250,000.
FAQ
What is the Employee Retention Credit?
The pandemic-era tax credit, called the Employee Retention Credit, was designed to help small businesses pay their employees during the pandemic.
Why is the IRS pausing tax credits for businesses?
The IRS is pausing tax credits for businesses due to questionable claims and scams targeting small businesses.
What are the charges against Hunter Biden?
Hunter Biden was indicted on three counts related to possession of a gun while using narcotics, making false statements on a federally mandated form, and the charges carry maximum prison sentences of up to 10 years and fines of up to $250,000.
What is the latest update on Hurricane Lee?
Hurricane Lee has been downgraded to a non-category three and is heading towards the Northern Area.
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The latest news includes Hunter Biden's indictment, IRS pausing tax credits for businesses, and Hurricane Lee being downgraded to a non-category three. Read on for more details.
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