Employee Retention Credit - What's Going On?
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- Опубліковано 29 лип 2024
- In this video, I talk about the employee retention credit (ERC) and what's been going on with that program. There have been a lot of fraud happening and the IRS is stepping in to stop it.
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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.
• Employee Retention Cre...
What's your experience with the ERC?
Why is absolutely NOBODY talking about the hundreds of thousands of valid ERC claims that the IRS is unlawfully refusing to process?
You're SO right!! NO ONE speaking on legitimate claims that haven't been refunded. Waiting for nearly 12 MONTHS now.
So...Mr CPA making money from UA-cam clicks...
Can you give us any expert information on the legitimate claims that seem to have been swept under the IRS's rug and an explanation as to why the ONLY thing being discussed is fraud?
@@kevinjones363 It is so strange that no one has an answer for this question: What happens to legitimate unpaid claims? Mine were filed mine 18 months ago. My payroll company that filed on behalf of my company has no answers.
Lol it was a set up 😊
I filed mine in June of last year, still haven't gotten it back. I did it legitimately. I'm getting sick of waiting. How does it help if it takes a year or more to get?
Quick car question! I bought a car for cheap from my parents. Let's say 1,000 USD. If I turn around and sell it 8-10 months later at say 20K, would I need to pay short-term capital gains taxes on the profit (19K)? Or would I just need to report that and there be some special exemption since it was connected to family?
It sounds like I may just want to wait a full 365 days or 370 days to be on the safe side to sell the car. That would put me at zero taxes under long-term capital gains, right?
Please make video Setc I am uber drivers self employed tax credit
I filed the ERC on our ORIGINAL 941s in 2021!!!!!! They have not been processed because the IRS keeps losing the copies I send them. We've had inquiries out and have been working with the TAS since Feb 2022, sent 6 copies, and even have a congressional inquiry but they have no more answers as to when they'll process it.