- This event has passed.
Helping Clients Navigate the Employee Retention Credit Mess | Session One
August 19 @ 1:00 pm – 2:00 pm EDT
Event Overview
Recent developments in Employee Retention Credit (ERC) processing and IRS ERC examinations have left many who made ERC claims in the dark as to whether they will receive them. Others are wondering whether they will be the scapegoat in penalties for an overreaching claim. Many CPAs and tax preparers are stuck in the middle and don’t know how to advise their clients or help them receive their claims.
The IRS examination of ERC claims is also mired in confusion and nuanced legal issues. Last fall, the IRS announced a new safe harbor withdrawal process for taxpayers who have submitted ineligible ERC claims. The ERC claim withdrawal process is narrow in scope and only available to organizations that can meet all four of the IRS requirements. Questions remain for taxpayers who did not meet those requirements but may need to amend or withdraw their claim.
Eide Bailly’s National Tax Office has helped clients benefit from the Employee Retention Credit and navigate the withdrawal and audit processes when receiving questions from the IRS.
Please Note: This webinar will be hosted on August 19 and November 12. Both sessions will cover similar content, we’ll include updates as new information becomes available.
