In reality, there is no such credit under the name "Self Employment Tax Credit"; the actual credit referenced in social media is the Credits for Sick Leave and Family Leave which has strict eligibility criteria. The IRS warns taxpayers that filing claims based on this misinformation carries ...
Among other things, a PPP loan can be used for expenses that do not qualify for loan forgiveness, and the amount of loan forgiveness can be reduced under complicated rules that remain unclear. In Rev. Rul. 2020-27, however, Treasury reiterated its position by concluding that the tax benefit...
Statements that the promoter can determine your ERC eligibility within minutes; Hefty upfront fees; Fees based on a percentage of the refund amount claimed; Preparers who refuse to sign the amended tax return filed to claim a refund of the credit; Aggressive claims from the promoter that you ...