The Internal Revenue Service had paused new ERC claims due to erroneous filings. However, the moratorium has ended, and eligible businesses can still make an application through a trusted tax firm like IRSPlus. Find out more and begin your claim here.
Many of the IRS news releases in the past few months about the IRS ERC Moratorium and the IRS pausing processing of new claims for the Employee Retention Tax Credit (ERC) may have left you wondering if this meant you'd miss out on this valuable financial benefit.
However, there's still time to claim your refundable tax credit, and the IRS has resumed processing new claims.
On September 14, 2023, IRS Commissioner Danny Werfel announced a moratorium on processing new claims.
This moratorium resulted from countless fraudulent claims by companies who did not meet qualifications, widespread abuse involving ERC pop-up companies, and questionable claims pouring in. The IRS saw intensifying audit work sorting the improper claims from genuine submissions and raised compliance concerns following this increase.
However, the moratorium did not mean that the IRS would not process ERC claims submitted before the deadline, nor did it mean that the deadline for ERC reimbursement had been moved. In fact, the IRS has resumed processing new ERC claims now that it has added clarity to the ERC guidelines and process.
If you're entitled to the Employee Retention tax credit, it's critical that you find a suitable tax advisory firm to handle your claim. The IRS urges businesses to work with honest, reliable firms that can help you process genuine claims and secure your refund.
Understanding the IRS ERC MoratoriumHere at IRSplus, we understand the confusion these announcements may have caused. At the same time, we view the temporary pause the IRS had put in place as a much-needed positive development, ensuring a smoother and more secure ERC claim process now that the moratorium is over.
Unfortunately, the moratorium was accompanied by a wave of misinformation that has misled businesses. Some businesses may have been told by their CPAs that the ERC program is over or has been canceled. Some have even been told they are at risk of criminal investigations for making a claim or may face penalties and interest on ERC amounts paid.
This isn't true. The program remains active, and processing HAS resumed since the IRS completed its current review of its backlog. Businesses are still eligible for ERC credits and can still make a successful claim.
The ERC program represents a significant financial lifeline for many companies negatively impacted by the pandemic. Missing out on these funds could mean the difference between staying afloat and making difficult decisions about staffing and operations.
However, it is critical to understand that unscrupulous ERC promoters may try to deceive you into increasing your award. Choosing a tax firm that specializes in underwriting refundable tax credits within the parameters of the required compliance structure outlined by the IRS is necessary to avoid discrepancies or red flags with the IRS. At IRS Plus, our goal has always been to exceed the guidelines given by the IRS, so our clients can maintain peace of mind throughout the process and even after their ERC is received.
Ready to begin your claim with IRSplus? It all starts with a free initial consultation with one of our advisors, who will help you understand your circumstances and whether you're eligible.
We never help process claims that we don't think you're eligible for and have a 100% rate of success. Our claims process is extensive and precise, providing the IRS with a complete view of your situation and supporting your claim.
while allowing us to support your claim with applicable government orders specific to your state and business.
how their qualifications are supported by proper government orders, and what deliverables are provided to the client regarding their calculations, qualifications, and supporting documents.
in their filings through professional liability errors & omissions insurance and audit defense protection.
Ready to begin your claim with IRSplus? It all starts with a free initial consultation with one of our advisors, who will help you understand your circumstances and whether you're eligible.
Another common misconception surrounding the ERC program is the fear of audits. Headlines and some less-than-reputable service providers might have you believe that claiming the ERC automatically puts your business at a higher risk of an audit. This is not accurate.
The IRS does have five years to make an inquiry or conduct audits for all COVID incentives, but their primary targets are businesses that have made untruthful claims or have failed to comply with the program's eligibility requirements. If you file a legitimate claim with proper documentation, your risk of an audit is minimal.
Here at IRSplus, we understand your concerns. That's why we go above and beyond to ensure that every ERC claim we file meets the highest standards of compliance. We exceed the IRS's minimum requirements and employ rigorous compliance procedures to eliminate potential audit risks.
While the ERC program offers a much-needed financial boost, it's crucial to remember that these funds are ultimately tax dollars. The IRS is responsible for ensuring these resources are distributed fairly and accurately. The moratorium allows them to refine their processes and identify fraudulent claims. Businesses that submit inaccurate or ineligible claims are the ones most likely to trigger an audit.
However, while the initial pause on processing new claims might raise questions, it ultimately offers several advantages for businesses that work with a qualified ERC service provider like IRSplus.
Let's explore these benefits in detail:
While the ERC program offers a much-needed financial boost, it's crucial to remember that these funds are ultimately tax dollars. The IRS is responsible for ensuring these resources are distributed fairly and accurately. The moratorium allows them to refine their processes and identify fraudulent claims. Businesses that submit inaccurate or ineligible claims are the ones most likely to trigger an audit.
However, while the initial pause on processing new claims might raise questions, it ultimately offers several advantages for businesses that work with a qualified ERC service provider like IRSplus.
Let's explore these benefits in detail:
With the IRS prioritizing reviewing existing claims, our experienced ERC specialists can dedicate more time to meticulously preparing your claim. This in-depth approach ensures we gather all necessary documentation, thoroughly analyze your eligibility under the latest IRS guidelines, and build a strong case for maximizing your potential credit recovery.
Imagine a scenario where your business, impacted by the pandemic in a way that qualifies under the ERC program, is eligible for significant ERC benefits. Post moratorium, our dedicated team works diligently behind the scenes, meticulously examining your unique situation. We go beyond the minimum by researching all relevant government orders applicable to your specific industry and location. By meticulously documenting these connections, we build a compelling case that strengthens your eligibility and maximizes the credit you deserve.
For instance, let's say your business experienced a decline in gross receipts due to government restrictions or a significant decline in quarterly sales compared to the same quarter in 2019. Our team will thoroughly document these factors and link them to relevant government orders to demonstrate your eligibility for credit.
The moratorium allowed us to conduct a deeper dive into your business situation, minimizing the risk of errors or omissions that could lead to delays during processing once it resumes. Our meticulous research and detailed documentation significantly increase the chances of your claim being approved on the first pass, avoiding unnecessary back-and-forth communication with the IRS that can significantly slow down the process.
Partnering with IRSplus grants you access to a team dedicated to meticulously analyzing your eligibility. We go beyond simply reviewing tax code provisions; we delve into relevant pronouncements, statute critical tools, rulings, and frequently asked questions (FAQs) issued by the IRS. This ensures your claim adheres to the latest and most up-to-date requirements, minimizing the chance of errors or inconsistencies that could trigger IRS scrutiny and potentially lead to delays or even denials.
Our meticulous documentation process further strengthens your claim's accuracy. We exceed IRS requirements by providing a comprehensive 120-150 page summary for each client, including risk analysis strategies based on your claim. This document includes your filed form and breaks down all relevant government orders, clearly explaining their applicability to your business and the justification for your ERC eligibility. This detailed record serves as a clear and transparent communication tool should the IRS request additional information from you.
The IRS established more efficient claim processing methods by dedicating resources to refining their internal systems during the moratorium. This translates to potentially faster turnaround times for legitimate claims once processing restarts. Businesses that have taken advantage of the post moratorium improvements to prepare their claims thoroughly are well-positioned to experience a smoother and quicker approval process, meaning that a check will appear in the mail faster than if you made the claim later.
There are many unscrupulous ERC claims providers available online, but the moratorium and threats of criminal action has meant that many, if not most, have rapidly closed their doors. Now, more than ever, it is critical that you work with a reputable, proven expert who has processes in place to assure compliance with the latest IRS guidelines.
The process begins with a free consultation with one of our tax professionals. On that call, our experts will understand your situation, help you gather the paperwork to make a claim, and source the information we need to guarantee your eligibility. If we find you're not eligible for the ERC during this call, we'll tell you, meaning you can rest assured that you will stay safe from a fraudulent claim.
However, we may also find grounds to continue your claim, and you may be eligible for a refund from the IRS under the ERC program. If this is the case, our team of experts will help you process the evidence you need to begin the application and stay with you throughout the whole journey.
Book a free consultation now to find out more and discuss with a tax advisor.
At IRSplus, we believe that true security and peace of mind come from exceeding the minimum compliance efforts protecting businesses. Here's how we differentiate ourselves:
At IRSplus, we believe that true security and peace of mind come from exceeding the minimum compliance efforts protecting businesses. Here's how we differentiate ourselves:
We leverage the moratorium to meticulously research and obtain stamped copies of every single relevant government order issued during the pandemic across the United States. This comprehensive approach forms the foundation for a strong and accurate claim, safeguarding both you and the integrity of the program.
The IRS is constantly refining the ERC program's qualification guidelines. We heavily invest in keeping up-to-date on these evolving requirements. This ensures your claim adheres to the latest IRS standards and maximizes your recoverable credit. We anticipate changes and adjust our strategies accordingly, ensuring your claim remains compliant throughout the process.
Our team meticulously prepares a 60-70 page summary for each client. This in-depth document details all relevant government orders, clearly explaining their applicability to your specific business and the justification for your ERC eligibility. While the IRS accepts a concise report, we believe a more comprehensive analysis strengthens your claim and demonstrates the thoroughness of our due diligence.
Additionally, we provide a separate, comprehensive 400-700 page breakdown of all applicable government orders during Covid-19 (2020 & 2021). This detailed report outlines the various orders and how they impacted the ability of businesses to conduct business as usual during the pandemic. This additional layer of documentation showcases our commitment to exceeding expectations and ensuring your claim is built on the strongest possible foundation.
Throughout the entire claim process, we keep you informed of every step, with detailed explanations of potential challenges. You'll never be left in the dark about the status.
While navigating the complexities of the ERC program can be challenging, partnering with the right service provider can make a world of difference. Here's what sets us apart and positions us as your ideal partner for maximizing your ERC recovery:
While navigating the complexities of the ERC program can be challenging, partnering with the right service provider can make a world of difference. Here's what sets us apart and positions us as your ideal partner for maximizing your ERC recovery:
The temporary IRS moratorium might have caused some initial uncertainty, but it presents a valuable opportunity to solidify your ERC claim with a genuine ERC tax advisory firm.
Book a free consultation today, and our team will guide you through the entire ERC claim process with confidence and expertise.
The ERC program offers significant financial relief to eligible businesses. However, navigating the complexities of the program
and maximizing your recoverable credit requires a strategic approach.
Here's our five-step process to help you achieve the best
possible outcome:
Our team of ERC specialists starts by conducting an in-depth analysis of your business situation in our free consultation. We delve into your financial records, payroll data, and industry specifics to determine if you qualify for the ERC program under the various eligibility criteria.
This comprehensive review ensures you don't miss out on any potential credits you're entitled to claim and also guarantees that you don't process a claim that you're not eligible for. Plus, it's completely free! Even if we find that you're not eligible for an ERC refund, we won't charge you for the consultation.
Once we establish your eligibility, we strategically analyze your situation to maximize the recoverable credit you deserve. This might involve exploring different calculation methods or identifying relevant government orders significantly impacting your business operations. By meticulously examining these details, we ensure your claim reflects the full extent of the credit you're entitled to receive.
Next, we know that a strong foundation of accurate and comprehensive documentation is crucial for a successful ERC claim.
Our team meticulously gathers and organizes all necessary paperwork, including tax returns, payroll reports, and government orders. We don't settle for the bare minimum. We go above and beyond by providing a detailed claim summary of up to 150 pages for each claim we process. This document not only includes the filed form but also breaks down all relevant government orders, clearly explaining their applicability to your business and the justification for your ERC eligibility.
Additionally, we provide a separate, comprehensive 400-700 page breakdown of all applicable State and local government orders during COVID-19. This comprehensive documentation serves as a clear and transparent communication tool should the IRS request additional information from you.
The ERC program is constantly evolving, with the IRS issuing new guidance and interpretations. Our team stays current on the latest updates and incorporates them into our strategies. This ensures your claim adheres to the most recent requirements, minimizing the risk of errors or delays due to outdated information.
Throughout the entire claim process, you'll have a dedicated team of ERC specialists assigned to your case. This team provides personalized attention, addresses your questions promptly, and keeps you informed of every step. We believe in clear and open communication, ensuring you're never left in the dark about the status of your claim.
The ERC program offers significant financial relief to eligible businesses. However, navigating the complexities of the program
and maximizing your recoverable credit requires a strategic approach.
Here's our five-step process to help you achieve the best possible outcome:
Our team of ERC specialists starts by conducting an in-depth analysis of your business situation in our free consultation. We delve into your financial records, payroll data, and industry specifics to determine if you qualify for the ERC program under the various eligibility criteria.
This comprehensive review ensures you don't miss out on any potential credits you're entitled to claim and also guarantees that you don't process a claim that you're not eligible for. Plus, it's completely free! Even if we find that you're not eligible for an ERC refund, we won't charge you for the consultation.
Once we establish your eligibility, we strategically analyze your situation to maximize the recoverable credit you deserve. This might involve exploring different calculation methods or identifying relevant government orders significantly impacting your business operations. By meticulously examining these details, we ensure your claim reflects the full extent of the credit you're entitled to receive.
Next, we know that a strong foundation of accurate and comprehensive documentation is crucial for a successful ERC claim.
Our team meticulously gathers and organizes all necessary paperwork, including tax returns, payroll reports, and government orders. We don't settle for the bare minimum. We go above and beyond by providing a detailed claim summary of up to 150 pages for each claim we process. This document not only includes the filed form but also breaks down all relevant government orders, clearly explaining their applicability to your business and the justification for your ERC eligibility.
Additionally, we provide a separate, comprehensive 400-700 page breakdown of all applicable State and local government orders during COVID-19. This comprehensive documentation serves as a clear and transparent communication tool should the IRS request additional information from you.
The ERC program is constantly evolving, with the IRS issuing new guidance and interpretations. Our team stays current on the latest updates and incorporates them into our strategies. This ensures your claim adheres to the most recent requirements, minimizing the risk of errors or delays due to outdated information.
Throughout the entire claim process, you'll have a dedicated team of ERC specialists assigned to your case. This team provides personalized attention, addresses your questions promptly, and keeps you informed of every step. We believe in clear and open communication, ensuring you're never left in the dark about the status of your claim.
While the IRS moratorium presented us with a valuable window of opportunity, our commitment to your success extends beyond this program. At IRSplus, we see ourselves as long-term partners dedicated to helping your business navigate the complexities of the ERC program and other tax credits you may be entitled to.
Even after your claim is processed and the funds are deposited into your account, we provide ongoing support. Our expert team will assist you with managing the ERC funds and ensuring compliance with any reporting requirements.
The ERC program landscape can change. We'll inform you of any relevant updates or legislative changes that might impact your claim or future eligibility for similar programs.
our process
The IRS moratorium finally lifting presents a unique chance to solidify your claim and maximize your ERC recovery. Don't miss out on this opportunity to secure vital financial resources for your business. Here's how we can help you achieve success:
Schedule a free consultation with our ERC specialists today. During this consultation, we'll discuss your business situation, answer your questions, and provide a preliminary assessment of your eligibility for the ERC program.
We handle the entire claim process from start to finish, saving you valuable time and resources. You can focus on running your business while we ensure your ERC claim is processed accurately and efficiently.
Partnering with IRSplus gives you peace of mind, knowing your claim is in the hands of experienced professionals. Our unwavering commitment to compliance and our proven track record of success ensure you're maximizing your ERC recovery while minimizing any potential risks. As part of our broader compliance work, we ensure that every claim is supported with extensive documentation, eliminating questionable ERC claims and ensuring the IRS processes your claim favorably.
Finally, once the process is complete, you'll receive your check from the IRS in the mail. You'll only pay for our services once you've received this check to guarantee that your claim is successful. That means it costs nothing out of pocket to make your claim, and your ERC award covers any charges for our services.
Ready to make your claim? Don't miss out on the potential windfall you are entitled to under the employee retention credit program. Find out if you're eligible, how much you may be entitled to, and how to make a claim when you book your free consultation. Schedule a call today.
our process
The IRS moratorium finally lifting presents a unique chance to solidify your claim and maximize your ERC recovery. Don't miss out on this opportunity to secure vital financial resources for your business. Here's how we can help you achieve success:
Schedule a free consultation with our ERC specialists today. During this consultation, we'll discuss your business situation, answer your questions, and provide a preliminary assessment of your eligibility for the ERC program.
We handle the entire claim process from start to finish, saving you valuable time and resources. You can focus on running your business while we ensure your ERC claim is processed accurately and efficiently.
Partnering with IRSplus gives you peace of mind, knowing your claim is in the hands of experienced professionals. Our unwavering commitment to compliance and our proven track record of success ensure you're maximizing your ERC recovery while minimizing any potential risks. As part of our broader compliance work, we ensure that every claim is supported with extensive documentation, eliminating questionable ERC claims and ensuring the IRS processes your claim favorably.
Finally, once the process is complete, you'll receive your check from the IRS in the mail. You'll only pay for our services once you've received this check to guarantee that your claim is successful. That means it costs nothing out of pocket to make your claim, and your ERC award covers any charges for our services.
Ready to make your claim? Don't miss out on the potential windfall you are entitled to under the employee retention credit program. Find out if you're eligible, how much you may be entitled to, and how to make a claim when you book your free consultation. Schedule a call today.
Don't let fear, or misinformation hold you back. Contact IRSplus today and take the first step towards claiming the ERC funds your business deserves.
The IRS implemented the moratorium to address a surge in fraudulent claims and to allow them to refine their processing procedures. This temporary pause allows them to dedicate resources to weeding out ineligible claims and establishing more efficient methods for handling the high volume of applications they receive. By taking the time to refine their processes, the IRS ensures a smoother and more accurate experience for all legitimate claimants in the future.
While the official end date of the program remains uncertain, there have been positive indications that it could be extended. Several legislative proposals are currently under consideration that would extend the deadline for claiming ERC benefits. We at IRSplus closely monitor all legislative developments related to the ERC program and will keep you updated on any extensions or changes.
The whole purpose of the moratorium was to allow the IRS to refine and add clarity to ERC guidelines and processes. Now that this has been done, partnering with a reputable ERC service provider like IRSplus allows you to get a head start on the process. We can meticulously gather and analyze your financial data, research relevant government orders, and ensure your claim adheres to the latest IRS guidelines.
Absolutely. The IRS has resumed accepting and processing new applications. Businesses that are eligible to apply for the ERC program should still make a claim with a trusted advisor, like IRSplus.
The voluntary disclosure program was a program that the IRS announced to recover some of the money lost through ERC fraud or erroneous claims. The IRS estimates that over $1 billion of ERC payments were based on fraudulent claims pushed by improper marketing and aggressive service providers.
