Handling Incorrect ERC Claims

Annie and Roger discuss how tax season isn't over yet due to 50,000 ERC claims per week being filed with the IRS. They also go into detail on how to handle incorrect and potentially fraudulent claims.

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Padgett -  Contact Padgett or Email Jeff Phillips

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Links mentioned in this episode

Chapters
  • (00:00) - FTU E9
  • (03:14) - More updates on ERC
  • (07:54) - Some basics of the ERC
  • (18:21) - What do we do if we believe the ERC claim to be false and a client comes to us to amend the return?
  • (24:38) - What is the goal of form 14242?
  • (33:31) - ERC Suppy Chain Interruption
  • (35:23) - Quick summary to know if you qualify for ERC
  • (42:09) - Updates on Tax Cuts and Job Act (Trump Tax Cuts )
  • (50:42) - How do think the Tax Practitioners tax season went?
  • (53:01) - Was this a good or bad tax season?
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Creators and Guests

Annie Schwab, CPA
Host
Annie Schwab, CPA
Franchisee Operations Manager at Padgett Business Services
Roger Harris, EA
Host
Roger Harris, EA
President at Padgett Business Services
Handling Incorrect ERC Claims
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