Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.

Larry Gray, CPA helps you, the tax professional, understand what questions you need to ask your clients to make sure they qualify for the Employee Retention Tax Credit (ERTC or ERC). Several third-party promoters are making false claims to small business owners, making them think they qualify for the ERTC even though the small business most likely does not qualify. Larry explains what your due diligence and liability looks like as a tax professional.
#ERC #ERTC #taxcredits #scam #scheme #taxfraud #fraud #taxaudit #employeeretentiontaxcredit #employeeretention #employeeretentioncredit #taxprofessional #taxpro #taxproblems #taxpreparer #payroll #payrolltax
Watch this ASAP:
How to Actually Qualify for the ERC. What to document. (2023 Update)
▶️ • How to Actually Qualif...
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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.

[@professionalservices89]

I just watched your entire video, you clearly said that you are not an expert with the ERC, but I very much appreciate the information provided. I have a client that just received over $250K in ERC, but they don't even know how they qualified. Thanks to the information provided in your video I will not amend their returns. Claudia

[@BlahBlah-kx2cm]

Very informative.
Thk u both Larry & Laura !

[@larry-sang]

Much appreciated!

[@carlosapadilla]

Question, just finished amending a return , if I originally claimed the fica tip credit, do I have to amend that as well ? Guidance isn’t clear.

[@catax1134]

I'm still confused with the alternative quarter election rule. Seems not many mention it and the rules to me are vague.

[@3spm127]

So the client got hooked and the ERC company filed amended 941’s for six periods. Client is expecting 6 checks that he may not qualify for. Whats the correct fix? Does he now file new amended 941’s and pay back the $?

[@Cappy291]

Can the IRS withhold money from your ERC for taxes owed?
To date they have withheld about $20,000

[@Nadineperry1]

They should also ask for quarterly pl

[@davidmann6771]

The female guest had no lines. Why is she sitting there?

[@larry-sang]

It's pretty common to have a real human to address when producing/recording unscripted educational content. Larry is teaching her and because there is a camera recording it, you benefit. Not only does it make for a more informative video because the teacher is working with a human instead of staring at a lens, but it often works out great because the human may think of a question the educator did not think to answer. Also, if you watched the entire thing... she responds plenty during the role playing part.