- NY Credits : 1.0
- TX Credits : 1.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 1.0
With the enactment of the CARES Act and subsequent pandemic related legislation, government assistance poured out to for-profit entities in ways it never has before. The Employee Retention Credit (ERC), also called the Employee Retention Tax Credit (ERTC), has undergone significant changes since enacted with the CARES Act in 2020. This credit is beneficial for employers that were experiencing COVID-related economic issues. However, there was and still is confusion on the application of the credit. This may have resulted in some employers taking too little or too much of a credit. This should be reviewed and the appropriate amended returns filed if applicable. Ian Redpath, JD and Karen Davis, CPA discuss key rules regarding eligibility for and calculation of the ERC.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
analyze issues related to the Employee Retention Credit and applying the statute of limitations for reporting changes.