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The ERC: From Double Benefits to IRS Warnings

November 19, 2023

“The ERC: From
Double Benefits to IRS Warnings”

To get my complete, FREE article
with all the details…

The ERC made its debut in the 2020 CARES Act.

That’s when the law was passed, and the IRS offered wonderful benefits.

          At that time, you could claim the ERC of up to $5,000 per eligible employee.

         Or you could take out a forgivable loan under the Paycheck Protection Program (PPP). (You could                   not take both.)

That’s when lawmakers put the ERC on a roller coaster and before a parade of changes took place.

          In fact, between lawmakers and the IRS, you have faced no less than seven changes in 2021 and                  five changes in 2023. Talk about motion sickness!

The punch line? As the title of my new article suggests, the ERC changed from double benefits to nasty IRS warnings.

Does all this mean you should stay away from the ERC? Not at all.

The ERC remains a possible big tax credit—up to $26,000 per qualifying employee.

You should apply for the ERC (if you meet the requirements).

And with all the attention paid to the ERC, you have to make sure you have the supporting documents that prove your claim.

When you read my new article, I’ll show you how to ride the roller coaster with a smile on your face.

A great place to start?

CLICK HERE to read my completely new article titled:

“The ERC: From
Double Benefits to IRS Warnings”

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

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