Bloomberg Law quoted Tax Partner Michael Greenwald on employee retention credit claims amidst an IRS processing pause.
By Erin Slowey
The Treasury Department pressed Congress earlier this month to give the IRS authority to regulate paid preparers through methods such as targeting contingency fee practices to curb fraudulent claims.
“I’m not convinced that Congress is capable at the moment of focusing on regulating an industry like tax return preparation,” said Michael Greenwald, a partner at Marcum LLP. “I think that there are enough tools that the IRS and Treasury have to handle situations like this.”