It is important to note that the IRS has set aside money for eligible businesses to claim. However, some business owners are being misled by tax preparers who are not ERC payroll tax specialists, and as a result, they are being told they do not qualify for a payroll tax refund.

The ERC refund started in the second quarter of 2020 to the third quarter of 2021. The business’s income taxes must be completed to file for the ERC refund. Here is where a big problem is about to start. The IRS allows up to three years for businesses to claim their ERC refund. The ERC refund program began on March 15, 2020. Business owners say my Accountant, CPA, or Tax Preparer will handle my ERC refund. March 15 2023 is not far away.

Here are some of the ERC’s misinformation businesses are being told.

• At the beginning of the ERC program, businesses that received a PPP loan could not apply for an ERC tax refund. However, in November 2021, the ERC program was updated, and companies can now apply for ERC tax refunds if they receive a PPP loan.
• Business owners are being told; ERC is a scam. When you go to the IRS website, it talks about ERC. Some ERC prepares to ask for money upfront, which could be considered a scam. An ERC specialist will make the payroll tax refund application upfront at no cost. There is a contract for the business owner to pay an ERC specialist only if they receive a refund from the IRS
• Business owners are being told; they do not qualify for the ERC payroll tax refund because...

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