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ERC Credit


JackieCPA

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I'm lost - what are talking about?

I did tons of ERC's  - claimed the income - but on other income as there is not a good way to claim it under against tax paid etc - ATX does not allow negative numbers!

and already did many amended 941's as they never took the credit in the first place adn do there own payroll.

Amending many in Nov for the Covid payroll, also...

D

 

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After applying for ERC and amending Forms 941, you amend the original income tax returns to reduce payroll expense, increase profit, including amending Forms K-1. Then you amend the original individual income tax returns that receive the amended K-1s. Labor intensive, so charge enough for your time and knowledge.

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