To apply for the ERC credit for 2020, your amended tax return must be submitted to the IRS by April 15, 2024. To apply for the ERC credit for 2021, the deadline is April 15, 2025. Is There An ERC Application Form? If you are claiming the ERC yourself, you’ll need to fill out ...
The Employee Retention Credit (ERC) is a lifeline for small businesses impacted by Covid-19. The good news is it’s not too late to claim this tax credit once applications resume. But it’s only for businesses that suffered significant losses in revenue and kept employees on the payroll ...
Most recently, IRS’ National Taxpayer Advocate Erin Collinsreported to Congressthat expediting the ERC filing deadline would “push bad actors to quickly file while businesses with valid claims may be caught flat-footed.” Collins also noted that many eligible job creators would be adversely impacte...
If you file a claim, use care in obtaining proof of timely filing, such as a certified mail receipt, and retain that in your records along with all documentation to support your eligibility for the credit. Keep in mind while this is only proposed legislation and the deadline for filing has...
Use our Tax Credit Estimator to calculate potential savings. Learn about the Employee Retention Credit (ERC), Employee Recession Tax Credit (ERTC), and more.
The 2020 ERC filing deadline is April 15, 2024, and the 2021 ERC filing deadline is April 15, 2025. If you have already filed an ERC claim, your file is still under review. If you filed your claim with a reputable CPA firm and not a contingency-based credit firm, there is no ...