Level 7

Question

ERC

Forum|Forum|2 years ago
July 10, 2024
3 replies
20 views

My client had a law firm do their ERC 941X and paid them $81,000 to do it.

What I find odd is they did not do it for Q3 2020 or Q4 2021

What was filed was Q1 2020 Q2 2020 AND Q4 2020

Q1 2021 Q2 2021 AND Q3 2021

Is it too late to file for Q3 2020 ERC? Was Q4 2021 and eligible date?

ProSeries Professional

This topic has been closed for replies.

IRonMaN

Level 15

Did they qualify for those quarters? Actually I should ask, did they qualify for any of the quarters? That ERC money brought a lot of greedy, shady people out of the woodwork.

Slava Ukraini!

MGC94Author

Level 7

Yes, they did qualify for the quarters they got. Nothing is different for the other 2 questers so I'm wondering why it wasn't done and if it's too late?

T

Terry53029

Intuit Community Champion

Here is a link from IRS for latest update on ERC claims. (6/20/2024)

https://www.irs.gov/newsroom/irs-enters-next-stage-of-employee-retention-credit-work-review-indicates-vast-majority-show-risk-of-being-improper

The current deadlines to file ERC claims are April 15, 2024, for the 2020 tax year and April 15, 2025, for the 2021 tax year. Under the Act as currently written, new ERC claims are prohibited after Jan. 31, 2024.

qbteachmt

Level 15

"Was Q4 2021 and eligible date?"

The IRS knows:

https://www.irs.gov/newsroom/employee-retention-credit-2020-vs-2021-comparison-chart

Don't yell at us; we're volunteers

PATAX

Level 12

I would ask the law firm those questions, or ask your client to ask them those questions.

qbteachmt

Level 15

Or, show the client the IRS table for each type and time of eligibility, and tell them to refer to the info they provided to the form factory (oh, excuse me: law firm) and the forms as returned by the law firm. They should be able to answer the question. They paid for the service. Did they get their money's worth?

Don't yell at us; we're volunteers

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