000 during the eligible time period. Based on the 2021 rules for claiming ERC, you can claim 70% of qualified wages up to $10,000 per quarter per employee. In this case, you would be able to claim the maximum $7,000 credit per quarter for each employee ($21,000 per employee for t...
The IRS reminds anyone who improperly claims the ERC that they must pay it back, possibly with penalties and interest. A business or tax-exempt group could find itself in a much worse financial position if it has to...