Breedlove & Co, PC

ERC Scams
There are very specific eligibility requirements for claiming the ERC. These are technical areas that require review. They can claim the ERC on an original or amended employment tax return for qualified wages paid between March 13, 2020, and Dec. 31, 2021. However, to be eligible, employers must have:

• Sustained a full or partial suspension of operations due to orders from an appropriate governmental authority limiting commerce, travel or group meetings because of COVID-19 during 2020 or the first three quarters of 2021,
• Experienced a significant decline in gross receipts during 2020 or a decline in gross receipts during the first three quarters of 2021, or
• Qualified as a recovery startup business for the third or fourth quarters of 2021.

If you claimed and don't qualify you will have to pay it all back and potentially have to pay penalties and interest.

IRS alerts businesses, tax-exempt groups of warning signs for misleading Employee Retention scams; simple steps can avoid improperly filing claims | Internal Revenue Service IR-2023-105, May 25, 2023 — As aggressive marketing continues; the IRS today renewed an alert for businesses to watch out for tell-tale signs of misleading claims involving the Employee Retention Credit.