When the CARES ACT was first signed into law you could only chose a PPP Loan or the ERC Tax Credit. The law was changed but CPA's are dropping the ball telling clients they still DO NOT qualify. That is NOT TRUE. Either they are unaware of the change in the law, not interested in filing or busy.
The Consolidation Appropriations Act, signed Dec 27, 2020 states; employers who took the PPP Loan can ALSO participate in the the ERC program starting Jan 1st, 2021.
If you were effected by 1 or more of the following below (who wasn't) - YOU QUALIFY.
Did your CPA take into account the following:
IRS has stated all ERC returns will be audited if they are not signed by a CPA.
All ERC applications have been out on a pause till Jan 1st 2024, this is to weed-out fraud and bad actors in the ERC tax returns business.
ERC "fly by night" companies are part of a new "Dirty Dozens" list kept by IRS in 2023 relating to new scams of PPI, PII & Identity Theft. TPA files all returns in IRS AUDIT FORMAT therefor we do not have any kick backs, flags or audits on our files.
For ERC small business under 100 employees it will take around 4 months. Larger business can take up to 9 months and will have to be signed off by an IRS agent.
NEED FUNDING WE WILL BUY YOUR ERC TAX RETURN
There is no application fee upon enrollment. Once you have received your refund then you will have to pay TAX PREP ADVOCATES for the service performed amending your tax returns.