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MGC94
Level 7
September 18, 2024
Question

ERC / Interest

  • September 18, 2024
  • 3 replies
  • 17 views

ERC and amended returns were done. 

Tax year 2020 
Fed $0
VA $0
 
Tax year 2021 
Fed -$92,501
State -$15,775
 
Tax year 2022
Fed -$10,618
State -$1,744
 
Tax year 2023
Fed -$13,771
State -$5,388
 
2021 (the worst year) interest was over $15,000..... What can I do for interest and penalties 

3 replies

Level 6
September 18, 2024

I've written letters.  Waiting now to hear back from my last.  

MGC94
MGC94Author
Level 7
September 18, 2024

@judys3 Where did you write the letter to? The address on the notice or did you do form 843? Thank you

qbteachmt
Level 15
September 18, 2024

Why are 2022 and 2023 involved?

Don't yell at us; we're volunteers
MGC94
MGC94Author
Level 7
October 10, 2024

Carryforward loss wasn't a loss anymore

MGC94
MGC94Author
Level 7
November 23, 2024

Has anyone been successful getting rid of ERC interest??