Larry Gray CPA
Larry Gray CPA
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How ERC Promoters Scam Small Businesses
Larry Gray, CPA explains how ERC promoters take advantage of small business owners.
Check out Larry on @NBCNews
▶️czcams.com/video/qQuLyZU7nqU/video.htmlsi=M8WGZovIVcV2dnQG
IRS Eligibility Checklist for the ERC link:
www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit
Check out Larry's in-depth ERC playlist here!
czcams.com/play/PLZCIgCmUXjKF6O23lPLKr4PuUeNOVtGby.html
CZcams Homepage @/agcsolutions
Follow our Facebook Page @ agctaxsolutions
#larrygray #ERC #ERTC #taxcredits #scam #scheme #taxfraud #fraud #taxaudit #employeeretentiontaxcredit #employeeretention #employeeretentioncredit #payroll #payrolltax #smallbusiness #smallbusinessowner #smallbusinesstips #smallbiz #taxprofessional #taxpro #taxproblems #taxpreparer #aicpa
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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.
zhlédnutí: 281

Video

BOI: A Quick and Easy Overview on New Federal Reporting for Small Business 2024
zhlédnutí 1,9KPřed 6 měsíci
Larry Gray, CPA explains the BASICS of what's known as BIO or Beneficial Ownership Information. BIO is issued by the Financial Crimes Enforcement Network (FinCEN). According to BIO, qualifying small businesses are required, beginning January 1, 2024, to report certain company and individual information to FinCEN. Timestamp: 00:00 Introduction 00:27 Why do I have to report BOI? 01:08 What compan...
ERC: Debunking The Myths
zhlédnutí 214Před 7 měsíci
Larry Gray, CPA explains the difference between common myths about the Employee Retention Credit and the truth. Timestamp: 00:00 Question 1 00:28 Question 2 01:10 Question 3 02:14 Question 4 02:40 Question 5 02:50 Question 6 03:07 Summary IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit Check ...
Top ERC Misconceptions
zhlédnutí 157Před 7 měsíci
Larry Gray, CPA discusses the most common misconceptions in qualifying for the Employee Retention Credit. Timestamp: 00:00 Introduction 01:06 3 Ways to Qualify 01:19 No Documentation 02:26 Government Mandated Shutdown 06:20 Qualified Wages 07:16 Supply Chain IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-c...
Conversations with Your Client. How to Determine if They Qualify for the ERC.
zhlédnutí 219Před 7 měsíci
Larry Gray, CPA discusses what a conversation between a tax professional and a client regarding qualifying for the Employee Retention Credit should look like. IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit Check out Larry's in-depth ERC playlist here! czcams.com/play/PLZCIgCmUXjKF6O23lPLKr4P...
How To Make Sure You Report 1099-k On Your Return Correctly | Flowchart
zhlédnutí 108Před 7 měsíci
Larry Gray, CPA explains how to report 1099-K on Form 1040 using a helpful flowchart. Timestamp: 00:00 Introduction 00:53 Trillion dollars through P2P platforms 02:02 Why this matters 02:44 How to report 1099-K on return 04:17 Form 8949 Personal Transaction 06:48 How to report for Trade or Business 07:32 Recap 📽️Complete Guide to Reporting Personal Items on 1099-K. Gains, Losses, and What to do...
1099-K. How to Report Gains, Losses, and Errors.
zhlédnutí 236Před 7 měsíci
Larry Gray, CPA walks through how to report errors, gains, and losses on the 1099-K and form 8949. Timestamp: 00:00 Introduction 01:16 How to Report an Error 02:17 Never throw a 1099-K away 02:55 Personal item sold at a loss 04:59 Personal item sold at a gain 05:57 Reporting gains and losses in same year 06:42 You need receipts! 08:54 Example 11:15 Summary Check out Larry's 1099-K Update playli...
The Complete Guide To Reporting Personal Items On 1099-k: Gains, Losses, And What To Do With Errors.
zhlédnutí 258Před 7 měsíci
The Complete Guide To Reporting Personal Items On 1099-k: Gains, Losses, And What To Do With Errors.
The Ultimate WALKTHROUGH of IRS Checklist for ERC. How to Qualify | DEC. 1, 2023
zhlédnutí 1,1KPřed 7 měsíci
The Ultimate WALKTHROUGH of IRS Checklist for ERC. How to Qualify | DEC. 1, 2023
ERC Qualified: ONLY Trust Government Sources for Shutdown Information
zhlédnutí 402Před 10 měsíci
ERC Qualified: ONLY Trust Government Sources for Shutdown Information
ERC News Update 9-23: IRS Stops All ERC Processing
zhlédnutí 1,7KPřed 10 měsíci
ERC News Update 9-23: IRS Stops All ERC Processing
Beware Of ERC Preparers Charging Contingency Fees
zhlédnutí 407Před 10 měsíci
Beware Of ERC Preparers Charging Contingency Fees
Here's What an Income Tax Preparer Should Do When a Client Doesn't Qualify for ERC
zhlédnutí 349Před 10 měsíci
Here's What an Income Tax Preparer Should Do When a Client Doesn't Qualify for ERC
ERC News Update: Justice Department Arrests 3100 in Pandemic Relief Fraud
zhlédnutí 739Před 10 měsíci
ERC News Update: Justice Department Arrests 3100 in Pandemic Relief Fraud
How EASY it is to Commit ERC Fraud | August 2023
zhlédnutí 1KPřed 10 měsíci
How EASY it is to Commit ERC Fraud | August 2023
How do I qualify for Employee Retention Credit under the IRS's Supply Chain guidance? Aug. '23
zhlédnutí 138Před 10 měsíci
How do I qualify for Employee Retention Credit under the IRS's Supply Chain guidance? Aug. '23
Everything You Need To Know About Qualifying For ERC August 2023
zhlédnutí 486Před 10 měsíci
Everything You Need To Know About Qualifying For ERC August 2023
ERC News Update for August 2023
zhlédnutí 1,5KPřed 10 měsíci
ERC News Update for August 2023
WHY Tens of Thousands got ERC that Did NOT Qualify
zhlédnutí 4,7KPřed 11 měsíci
WHY Tens of Thousands got ERC that Did NOT Qualify
Is This Your Business? | IRS Clarifies ERC Supply Chain Questions with 5 Scenarios.
zhlédnutí 167Před 11 měsíci
Is This Your Business? | IRS Clarifies ERC Supply Chain Questions with 5 Scenarios.
Breaking News! Supply Chain Guidance from IRS | ERC Qualification Update
zhlédnutí 476Před 11 měsíci
Breaking News! Supply Chain Guidance from IRS | ERC Qualification Update
Top Tax Pros Are Asking IRS for ERC HELP
zhlédnutí 442Před rokem
Top Tax Pros Are Asking IRS for ERC HELP
Tax Pro ERC Help: Empowering You To Do it Right
zhlédnutí 140Před rokem
Tax Pro ERC Help: Empowering You To Do it Right
How to Prepare for an ERC Audit by the IRS | Small Biz & Tax Pro HELP
zhlédnutí 4,1KPřed rokem
How to Prepare for an ERC Audit by the IRS | Small Biz & Tax Pro HELP
Warning Signs of a False ERC Claim | Small Business ERC Scheme Red Flags🚩
zhlédnutí 1KPřed rokem
Warning Signs of a False ERC Claim | Small Business ERC Scheme Red Flags🚩
Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.
zhlédnutí 4,8KPřed rokem
Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.
Be Prepared for 2023 Child Tax Credit Changes! The Numbers are Shocking.
zhlédnutí 27KPřed rokem
Be Prepared for 2023 Child Tax Credit Changes! The Numbers are Shocking.
How to Actually Qualify for the ERC. What to document. (2023 Update)
zhlédnutí 17KPřed rokem
How to Actually Qualify for the ERC. What to document. (2023 Update)
Beware ERC Scam. Don't take the bait! Real facts about ERC.
zhlédnutí 7KPřed rokem
Beware ERC Scam. Don't take the bait! Real facts about ERC.
New Venmo $600 Rule 1099K Reporting Explained
zhlédnutí 2,1KPřed 2 lety
New Venmo $600 Rule 1099K Reporting Explained

Komentáře

  • @twerktospec
    @twerktospec Před dnem

    You should be held accountable

  • @UspWMrodricks
    @UspWMrodricks Před 8 dny

    ID. Me is the worst web account that’s there to open/ update. Will never try again after so many failed attempts. Do not recommend to anyone.

  • @AceCPAsBookkeeping
    @AceCPAsBookkeeping Před 11 dny

    TLDR: You can easily create and customize invoices in QuickBooks Online to charge customers for your products or services, and manage payments and billing for multiple invoices. 00:00 📝 Learn how to create an invoice in QuickBooks Online to charge customers for your products or services. 01:29 📝 You can create an invoice for non-inventory items in QuickBooks Online, but if you need to track inventory, you may need a different version of QuickBooks. 02:12 💡 Choose between services or bundles for different types of products and set up categories and descriptions for tracking and billing in QuickBooks. 03:24 💡 Enter sales price and units for invoicing, assign income account, and categorize items in QuickBooks. 04:25 💡 Enter customer's email, create and send invoice, check billing address accuracy, and set up online payments if needed. 05:23 💡 You can customize invoice terms, due date, and invoice number in QuickBooks Online, and easily bill for services or products. 06:08 💡 Enter quantity and customize items on the invoice, then save and send it to the customer via email. 07:35 💡 Create and receive payments for invoices in QuickBooks Online, and manage multiple invoices for a customer.

  • @ronwatkins5775
    @ronwatkins5775 Před 14 dny

    Can you send invoices and receive payments with quickbooks offline version?

  • @SamCapra-l6h
    @SamCapra-l6h Před 16 dny

    How are outstanding checks reflected on the QB desktop bank reconciliation report?

  • @ArthurKlisiewicz
    @ArthurKlisiewicz Před 17 dny

    ID.ME === absolute trash

  • @Comic_Book_Creator
    @Comic_Book_Creator Před 19 dny

    I am in Argentina, why they apply it to me . I am not US Citizen, I can see they charge me TAX

  • @LP_Neptune
    @LP_Neptune Před 25 dny

    If im $500 ($100 below the threshold) on ebay and deleted my account and remade a new account how would the irs know it's me if my name is different?

    • @LP_Neptune
      @LP_Neptune Před 25 dny

      Government law requires EBAY to get your SSN, meaning taxes are tracked.

  • @BishopEddie5443
    @BishopEddie5443 Před 27 dny

    Just another way to steal from the poor! The IRS doesn't make the wealthy pay their fair share of taxes but they want to nickel and dime the poor. They want to make sure people on welfare don't prosper (even though inflation makes food stamps almost worthless) and this is a trap to catch people on disability to cut off their benefits. This is like the Mark of The Beast! You can't buy or sell without the government spying on you. The cops are being called on children selling water! Kids selling lemonade may need special permits! Why? The government needs money to build bombs and steal land and they want us to pay for their genocides! Meanwhile drug dealers are undetected and often protected. You'd be surprised just how much drug cartels are welcomed to contribute to corrupt politicians!

  • @nolebeeks303
    @nolebeeks303 Před 29 dny

    We did everything through paychex( national company) with the help of our cpa ... we just got a letter from the irs saying we owe 430000 from 2021 ...we used the money exactly the way we were supposed to ... we entered everything into quickbooks. They added interest and fees to something that we weren't even aware of until now . I have a hard time believing both our cpa and financial peeps got it wrong. Is the irs weaponised ? If we have to pay the 43000 we are out of business... 30 years down the drain. Idk what to do ...maybe talk to a lawyer idk

  • @myboatflxscout5723
    @myboatflxscout5723 Před 29 dny

    When the going after the scammer!!!!!!!

  • @garykos1308
    @garykos1308 Před měsícem

    Land of the Free

  • @aunitaclark
    @aunitaclark Před měsícem

    Hi Debbie!! luv your video, in your how to add vendors (might seem like a silly question but I'm very, very new, when you're saying you and yours, are you talking about me or my client? Thank you sooo much for your time :)

  • @charleseaster4051
    @charleseaster4051 Před měsícem

    There is a third door, Startup businesses that started operations after Feb 15th 2020

  • @jimmyjarreau8587
    @jimmyjarreau8587 Před měsícem

    How can I get disability benefits,without all the games they like to put you through. I’m 58 years old worked my ass off all my life helping feed America and now I can’t work to feed myself

  • @rooster7996
    @rooster7996 Před měsícem

    Maybe, I could agree regarding the first year. But it increases 2.5% each year until 2025. So, in the example provided in the above video, the second year the rebate would be $50, the third year $75, the fourth year $100, and the fifth year $125. Honestly, it is not that big of a deal to fill out the PDF form as long as you do it with each receipt. I wouldn't want to do a whole years worth at one time though. This is the third year and I would estimate that I have spent less than an hour to get the form filled out to this point. So...an hour worth of my time to receive $75...worth it for me.

  • @marthabustos4079
    @marthabustos4079 Před měsícem

    My boss applied for ERC on February last year. His company was struggling, and some weeks did not have enough money to pay us. ERC marketing was sounding every day everywhere. He got the check on June and did not spend it because his CPA did found out and talked his that it was a scam. Two weeks later the IRS send him a letter to ask for the money back. He still have the checks and the question is what's the procedure to give back the ERC checks to the IRS without problem?

  • @Cccc-ky4vq
    @Cccc-ky4vq Před měsícem

    Thank you joe Biden

  • @user-rt5wn6ce9d
    @user-rt5wn6ce9d Před 2 měsíci

    This is the worst website I’ve ever been on. Works like 💩

  • @kesun32145
    @kesun32145 Před 2 měsíci

    A bunch of people complaining about eBay and other payment services… the source of the problem is the Biden administration. They can mess the country and the rest of the world up with no accountability. To add insult to injury, they use their power to change tax laws to make it harder for the average American to survive. Shame on all the buffoons who voted in this clown administration.

  • @ShadowbannedMedia
    @ShadowbannedMedia Před 2 měsíci

    Your info has been helping me understand more on what type of entity I should have from your perspective please keep posting I’m loving the content!

  • @TheSweettalk
    @TheSweettalk Před 2 měsíci

    Wow to short and not enough information to brief lol

  • @take2rollem
    @take2rollem Před 2 měsíci

    I have been having trouble with my sales tax within the invoice when I go to save it doesn't like my non-taxable labor. I'm a furniture reupholster and only 20% of my labor is taxable; I've been doing them on two item lines and splitting out the non- taxable labor and taxable labor of 20% but when I go to save the invoice I get an error message. Ugh. I tried doing the item as a bundle and it still doesn't like it. There's got to be a way of getting around this glitch. The tax isn't based on where my customer lives but here at my shop location in town at 7.25%

  • @rthilson
    @rthilson Před 2 měsíci

    I’ve been waiting for 2 years to actually get the credit batshit crazy

  • @MrBig-di6yc
    @MrBig-di6yc Před 2 měsíci

    Think it’s bull crap. Government shouldn’t have their hand in everything

  • @archnemisis6954
    @archnemisis6954 Před 2 měsíci

    Its a set-up alright. If you do this process you'll be identified as a Taxpayer. A Taxpayer by legal definition is a cestui que trust. That is Your Strawman Account Identified by Your Social Security Number. This does not apply of you You are the living soul . Know the difference...

  • @misssands3764
    @misssands3764 Před 2 měsíci

    It's UNCONSTITUTIONAL

  • @hassanali7763
    @hassanali7763 Před 2 měsíci

    Thanks

  • @AGJ235
    @AGJ235 Před 2 měsíci

    Circular 230, which governs the rules of practice before the IRS for accountants, enrolled agents, and lawyers, generally prohibits those covered from charging contingent fees. The prohibition extends to professionals helping to assemble and file claims for refunds or credits, the agency says. However, federal court rulings have restricted the IRS’s ability to regulate return preparers and place restrictions on contingency fees related to tax refund claims. The IRS took steps to regulate unenrolled preparers in 2010, but the regulations were challenged in court. In Loving v. IRS, 742 F.3d 1013 (D.C. Cir. 2014), Supreme Court Justice Brett M. Kavanaugh, then writing for a panel of the D.C. Circuit, held that the IRS lacked statutory authority to require tax return preparers to register with the agency or fulfill other regulatory requirements like Circular 230’s ethics rules. That holding was extended in Ridgely v. Lew, 55 F. Supp. 3d 89 (D.D.C. 2014), to the IRS’s attempt to apply a rule from Circular 230 against contingency fees to a CPA filing a refund claim. The effect of the rulings was to restrict the application of Circular 230 to more active engagements, like representing taxpayers in audits, and to exclude mere return preparation.

  • @randyhelgeson1254
    @randyhelgeson1254 Před 2 měsíci

    When it comes to terms. And the pay me half upfront. Do i add that term? Or do i immediately after go to the paid section?

  • @randyhelgeson1254
    @randyhelgeson1254 Před 2 měsíci

    Thanks, Debbie! I'm now looking for your invoice video.

  • @craigpetty7038
    @craigpetty7038 Před 3 měsíci

    What happen your a freelancer and use personal acc and go over the 600 rule?

  • @ronswallow
    @ronswallow Před 3 měsíci

    If you are a w2 delivery driver and you use your own car and your miles are tracked how much should you be paid for reimbursement?

  • @BlahBlah-kx2cm
    @BlahBlah-kx2cm Před 3 měsíci

    Good stuff Larry. Thk u !

  • @serenitychanhly728
    @serenitychanhly728 Před 3 měsíci

    very helpful. Thank you.

  • @lilianv8159
    @lilianv8159 Před 3 měsíci

    Very interesting. There is a case of a client. The store of this company was (we had a store in NY and the headquarter in NJ) shutdown due to a NY mandate order due COVID-19 from March 22nd 2020 to May 28th 2020. This company received PPP loan for the period May 7th 2020 to August 27th 2020. Then, the period from March 22nd to May 6th would be considered to get the ERC credit. However, the gross receipts of the 1st and 2nd Q in 2020 did not decrease more than 10% compared with the corresponding quarters 2019. Is this company still eligible for the ERC 2020?

  • @johnpanos2332
    @johnpanos2332 Před 3 měsíci

    here's another example of "Privatization" happens. public money private profit !! the complaints below are about downloading the drivers license------just great

  • @floraeasterfjnotaryandlive2767

    You did an awesome job of explaining QuickBooks. Easy to follow. Thank you so much, friend.

  • @ragemax8852
    @ragemax8852 Před 3 měsíci

    I hate anything that asks me for ID verification, once I see that it's worthless. The alternative is spending weeks on the phone trying to get in touch with an agent, but that's better than dealing with the ID bull.

  • @danluzurriaga6035
    @danluzurriaga6035 Před 4 měsíci

    I actually had to do a live zoom type call with an id.me agent showing me holding my passport. After that I got approved. Now they just let you take pics without the live interview. My application was at the beginning of the program; maybe they are not that strict anymore. I do value that IRS account.

  • @tennesseehomesteader6175
    @tennesseehomesteader6175 Před 4 měsíci

    I'm moving to Mexico because there's someone I love very much waiting for me there. Yes it has its problems but I must say this type of b*******at least makes me want to try something else.

  • @user-sj5ix9wm4q
    @user-sj5ix9wm4q Před 4 měsíci

    How can i pay back My ssi benefits loans.

  • @Tincupflipper
    @Tincupflipper Před 4 měsíci

    If I'm buying all my inventory at yard sales and auction how do I prove my profit. Basically how do I prove what I paid for the items that I sold?

  • @whatsyurprob158
    @whatsyurprob158 Před 4 měsíci

    These two are SHILLS for eBay. Folks, this is a "RULE", not a "LAW", and the IRS is using it to fleece the public. The courts are PRIVATELY OWNED 'BANKS' >>>> Look it up!!! Remember though >>>>> we live in a "democracy" which is why you not only had NO SAY in this "FLEECE", but the parasites don't even have to use "LAW" to pull it off. 😳 Taxes benefit those who pay them >>>>> that's why taxes 'are' >>>>> HELLO!!! So, how am I benefitting in Nebraska while paying New Jersey? That's exactly why you haven't seen this advancing through the courts. I already mentioned the courts, right? 😁 This is all UNCONSTITUTIONAL >>>>>> what are you going to do about it? 🧐 . . . and now you know why those same courts STOLE the show in 2018, 2020, and 2022. WHAT ARE YOU GOING TO DO ABOUT IT? 🧐 🇺🇸

  • @chriswood4510
    @chriswood4510 Před 4 měsíci

    SOOOO helpful!!!!!!!

  • @lisahot3639
    @lisahot3639 Před 4 měsíci

    #newtonbpo

  • @GerinPhils
    @GerinPhils Před 5 měsíci

    ID me is a run by the most corrupt pos on planet earth....they want your passport, drivers lic, social security, W-9 and digital biometric scan and then STILL its not enough and it doesn't work...no customer service...no way to reach a real person..millions of people have been screwed over because ID me has made it impossible to access the IRS website.

  • @Idelca23
    @Idelca23 Před 5 měsíci

    very good. i love your exponation

  • @tkdhammer
    @tkdhammer Před 5 měsíci

    Took over Shoe Repair shop from my father who was a standard sole proprietor for 35 years.. what happens to the company history when I change it to an S Corp and get a new ein number? Does it matter?