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Answers to 12 Employee Retention Credit (ERC) Questions

October 18, 2022

“Answers to 12 Employee Retention
Credit (ERC) Questions”

To get my complete article
with all the details…

As you may already know, it’s not too late to file for the valuable Employee Retention Credit.

This is true whether you already filed for it or are just thinking of doing so.

Well, my advice is to do so … and soon.

Why should you file?

Because you can qualify for 2020 credits of up to $5,000 per employee, and 2021 credits of up to $7,000 per employee for each of the first three quarters!

That’s a possible credit
of up to $26,000 per employee!

Do you have questions about the ERC?
You’ve come to the right place.

You see, in this current issue, I’ll give you twelve answers to extremely important questions about the ERC.

I’ll cover how to return money if you made a mistake, and why you can qualify even if you didn’t suffer a significant decline in your gross receipts during the pandemic.

You’ve got questions. I’ve got answers.

Here are just three examples of the questions I’ll answer. (I’ll deal with twelve in all.)

  • Question 1:

“I received my ERC money but I made a mistake in applying for it. How do I return the money?”

  • Question 2:

“For the ERC aggregation rules, do I include all the business entities I own—even those with no employees?”

  • Question 3:

“We filed our 2020 and 2021 S corporation income tax returns. We are now preparing 941-Xs to
claim the ERC which will increase our reported income in those prior years. When do we amend
the 2020 and 2021 corporate returns to reduce the wages?”

NOTE: These are just three examples of the twelve extremely important questions I’ll answer for you!

Don’t wait until it’s too late.
Act now and get…

“Answers to 12 Employee Retention
Credit (ERC) Questions”

Filed Under: Employees, Filing tips, Investment tax credits, Payroll, Tax Planning

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