Event Description

The Employee Retention Credit (ERC) was an important COVID tax period that allowed payroll tax credits to keep employees working. Recently, the IRS has identified the ERC as a fraud target and warned against “ERC mills”. Many clients have heard the advertisements on TV, radio and the internet and/or been approached by promotors offering assistance in amending Form 941 to get the credit. The IRS announced it is assigning a large number of agents to audit the ERC claims. The course will discuss the rules to obtain the credit and what to do if a client has been scammed.