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I.R.S. Freezes Pandemic-Era Tax Credit Amid Fraud Fears
Posted inCoronavirus (2019-nCoV) Coronavirus Aid, Relief, and Economic Security Act (2020) Frauds and Swindling Internal Revenue Service Small Business Tax Credits, Deductions and Exemptions Werfel, Daniel I

I.R.S. Freezes Pandemic-Era Tax Credit Amid Fraud Fears

The tax agency is ramping up audits and criminal investigations into unscrupulous promoters of the Employee Retention Credit.
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Posted by By Alan Rappeport
Pandemic Fraud May Have Robbed Unemployment Insurance of $135 Billion
Posted inCoronavirus (2019-nCoV) Coronavirus Aid, Relief, and Economic Security Act (2020) Frauds and Swindling Government Accountability Office Unemployment Insurance United States Economy

Pandemic Fraud May Have Robbed Unemployment Insurance of $135 Billion

As much as 15 percent in unemployment benefits paid during the pandemic could have been fraudulently obtained, according to a Government Accountability Office report.
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Posted by By Madeleine Ngo
A Trucking Giant Is Bankrupt, and Finger-Pointing Begins
Posted inCoronavirus (2019-nCoV) Coronavirus Aid, Relief, and Economic Security Act (2020) Freight (Cargo) International Brotherhood of Teamsters Layoffs and Job Reductions Prices (Fares, Fees and Rates) Supply Chain Trucks and Trucking

A Trucking Giant Is Bankrupt, and Finger-Pointing Begins

Yellow, which received billions in federal pandemic aid, failed after being a laggard for years in a part of the industry where rivals are doing well.
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Posted by By Peter Eavis
Student Loan Pause Is Ending, With Consequences for Economy
Posted inCoronavirus (2019-nCoV) Coronavirus Aid, Relief, and Economic Security Act (2020) Credit and Debt Law and Legislation Personal Finances Student Loans United States Economy United States Politics and Government

Student Loan Pause Is Ending, With Consequences for Economy

Three years of relief from payments on $1.6 trillion in student debt allowed for other borrowing and spending — and will shift into reverse.
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Posted by By Lydia DePillis

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