Not late for ERC. Do It Yourself!

[@Kimcecii]

I just want to let you know how thankful I am .. everything worked out great . My clients received their ERC . 🎉

[@kristijay3524]

YOU ARE THE BEST!!!! Thank you so much! Many blessings to you.

[@swashllc4732]

Very good informative video. Thanks for putting it together.

[@JasonWDuffey]

Thank you for a very clear explanation of the program!

[@DebbieHenny]

Thank you for the helpful information. When mail in the 941-x form, do I need to attach any other document such as the original 941 form and the payroll records?

[@guillermomercado9096]

I would specify which family members do not qualify. Otherwise, amazing video and very helpful!

[@jamessalazar2367]

It actually does specify but a clearer description would be, any family related by blood or marriage.

[@llbbtk]

Thank you so much. It is very informational!

[@stuarttaylor5330]

Query - would you file the 2020 amended tax returns (to reflect the ERC credit/reduced wages) when the taxpayer receives the credit refund or when the claim is made? Given the long delay in processing claims then it would be preferable to only amend 2020 once the claim has been accepted and refunded.

[@anni5217]

you are so good. your Chenglish is just fine. I learned a lot from your video.

[@CommunityCPA]

Thank you! 😃

[@dottiemingate4836]

Thank you so much. Very helpful video!!! Thank you!

[@nguye1971]

We got one payroll paid on 3/20 (after 3/12) - is that Q1 payroll also eligible for ERC since you didn’t mention Q1 on your eligibility slide? Thanks

[@millazhang330]

thank you so much for the video. learn a lot from it.

[@vobra]

Great video. Do we know when the IRS will accept E-filing for the 941X forms? Thanks. Keep up the great work!

[@marouanebonami1322]

Chris interested in saving a call for tomorrow or Tuesday perhaps?

[@hatsoffglobalinc7073]

Your amazing thanks! However I noticed in the other video you had the Part 2: 5d checked and now its C that is checked why is that?

[@taeslyrics6098]

Thanks a lot this really helped

[@CommunityCPA]

You're welcome!

[@janetdwyer2781]

Great video, your vids on ERC are the best and easiest to follow. Question: what happens if Q2 2020 does not qualify due to PPP but I do have Mar 13-31wages to claim the credit for. Since the nonrefundable SS amount is not on the original 941 Q2, how do you handle that and what lines does one use. thank you

[@MRJCL711]

So i will make an execl spreadsheet showing my 2019- 1st, 2nd, 3rd and 4th quarterly gross rcpts and compare them to 2020's 2nd, 3rd and 4th quarters, and 2021's 1st, 2nd and 3rd quarters. Correct?

[@sabawond289]

Thank you so much for invaluable info. I have a couple of questions if I may take up your time please. 1. Do my w-2 employees who pays their own full soc sec taxes qualify for ERC? 2. if so do I put zero on line 18a of form 941-x? thank you.

[@soniasaigal2673]

Thank you for the video! How can I contact you directly for filing for ERC for my company?

[@thematthews1097]

Can a sole owner claim their wages on ERC 2020

[@rezartsheqeri5551]

Hi! Very nice video...Under Part 2, is it 4c or 5 c? You mentioned 4c but 5c seems to be selected...Thank you

[@kristijay3524]

I know 😫 I saw this also, she said 4C but it's not selected and then she says nothing about 5C but in the example it's checked off. It does say for both 4 and 5 something has to be checked. I think I'm going with both 4C and 5C Hopefully it's correct 🤞🏼

[@jordankang7450]

Hi, please correct me if I am wrong: In general, ERC 2021 is available for Q1, 2, 3/2021. Recovery Startup Business can claim ERC only for Q3 and Q4-2021, to maximum of 50k per quarter. Thanks

[@CommunityCPA]

you are correct!

[@marouanebonami1322]

Yes but you've left out $5K for 2020. Let me know if you have any other questions I'd be more than happy to answer any .

[@thecandiceblairgroup]

I had 9 1099 workers I continued to pay during the pandemic and as a property mngt company we had changes in the business due to evictions snd rent collection. I am W2 but employees are 1099. Is there a tax credit for that?

[@robynwhiteman13]

I don't see the examples to fill out the worksheet to get line 18a & 30 on 941-X. Do you have a video for this?

[@marouanebonami1322]

Hello Robyn, let me know if you still need help.

[@sevencoffeeroasters6099]

Thanks so much for the help on the ERC! I was so lost before I found your videos. I'm glad I am able to claim these credits. One question I have is for my 2021 941x forms, I forgot to enter Line 30 - Qualified Wages Total. Do you think this will be an issue with the IRS? If so, what should I do at this point. I mailed the forms in May and have yet to receive any refund.

[@marouanebonami1322]

Did you guys qualify for any quarter(s) of 2020?

[@rilynzzz]

If the business started prior to 2020 will they still qualify for 3rd quarter if it's not a startup business even though there's decrease or partial suspension of business? This part is quite confusing for me. Does the 3rd quarter 2021 only apply to startup businesses?

[@SammieBabieBoy]

Hello. Can nonrefundable portion be refunded as well or is it just refundable portion can be refunded as a check back?

[@accountingromance2037]

I have read/heard if you have a disruption of service in your business, i.e. not able to get products, this would qualify. Is this accurate? I am trying to research now

[@hardric]

yes

[@stevenmessmer3088]

It's very hard to qualify that way because you would have to show that your supply chain disruptions were caused by government orders in response to COVID-19 and that there was no other way for you to get your supplies

[@Bruin319]

I need to confirm something on the ERC. Could we schedule a time to chat? I suspect it will not take longer than 5 min. Thank you so much!

[@bardglobal]

What is fee you charged for the service ?

[@CommunityCPA]

Great question! That will depend on what you need help with exactly. Please reach out to talk with one of our team members today. communitycpa.com/

[@sportytv718]

Once I send 941x in how do I know if I computed correctly? Does IRS check for me, or send me confirmation letter?

[@4speaklife101]

So listen please You file your credit by doing a 941x. After you have received your funds. You must go back and file a 941x showing your credits received. Have your payroll reports and copies of all 941x credits. 941x Amended for funds received. So if or when you are audited. You have your receipts.

[@Timidtigr]

Im, sorry I'm confused on where exactly do I find the info to put on line 27 of the 941x? Also on line 30? I cant seem to find that info anywhere.

[@antonioosoriogarcia3866]

you have to fill out Worksheet # 4. The information you have to put on 18, 23 , 26a, coming from that worksheet

[@marouanebonami1322]

Still need help?

[@icam6893]

Excellent video! Can I mail all of my 941X forms for each quarter for which we are qualified in one envelope?

[@kohloudrashed5215]

Can recovery start up business Also file 1st and 2nd qtr 2021 erc?

[@marouanebonami1322]

Mr Rashed if the company was incorporated after Feb 15th 2020 and other criteria are met than youd receive from $50K to $150K. Let me know if you have any questions I could point you towards the right direction.

[@JLDJR]

Is there a website that shows how much each business/nonprofit has currently received as far as employee retention tax credit?

[@laleebee1597]

Thank you for a great video. Is this only for employees that were employed with the company in 2019, 2020 and 2021? We actually hired more employees during Covid even though we were making less. We are a school and we needed additional staffing. What about if we had an employee that worked in 2019 and 2020, but left in 2021?

[@dieuthu263]

You can still get maximum 50% of that employee's salary in 2020.

[@dsepulveda1]

If you file for the ERC credit in 2023 & receive the funds in 2023 or possibly 2024; why do you have to amend 2020 and /or 2021 tax returns? why not claim the income on the year received?

[@irinastupak2813]

Thank you so much for a very thorough and informative video! Would you be able to help me understand if 50/50% S-corporation ownership between my husband and I with both of us getting wages would qualify for ERC? I am assuming it will not, since combined we own 100% of the company, but just want to make sure since I read somewhere that it does. Any assistance would be greatly appreciated.

[@thewisetrader3381]

did you find out the answer to this?

[@seatee4770]

I think that if it's not over 50% you qualify. I am in the same situation as you.

[@CommunityCPA]

Hi Irina - You can follow up with our firm Partner, [e-mail]

[@chakayarbor6852]

So are we only mailing the 94x or are we also mailing the payroll summary?

[@marouanebonami1322]

No just the 941x form, let me know if you still need help.

[@watersle7546]

Hi, can business form 1120S or 1065 be qualified for ERC? I would appreciate your reply. Thank you.

[@BNIC2413]

Are 1099 contractors eligible to apply and qualify?

[@CommunityCPA]

Those who do business under Sch C can apply... if they run payroll on their business and if that payroll covers non-relative employees.

[@mike240171]

can any CPA help me to file this? appreciate any suggestions

[@marouanebonami1322]

Michael, I could definitely point towards the right company that have been around for +24years and you could first find out if you qualify for free!

[@dottiemingate4836]

I think part 2 should be 5d instead of 5c? Could you please clarify?

[@kristijay3524]

I agree, did you find out if that is correct? So 4C and 5D ?

[@bryanl3659]

CPA here, is amending a 1120S or 1065 really necessary? Can't we just treat it like it is 2022 income, IRS wants the headache of processing all of those amended corporate returns?

[@marouanebonami1322]

They spent $40 billion on 87,000 fresh auditors, that shows how much they're serious Bryan. You're a CPA right? Would you be interested in referrals ?

[@MsWENDYLUV]

My understanding to verify, If the employer received the PPP Loan they are not qualified for the ERC Credit.

[@stevenmessmer3088]

No, you can get the ERC but the wages you used for PPP can't be double-counted for ERC

[@adairgaudioso7125]

Thank you for the video. I've been pouring over videos and instructions for hours. Your explanations made the most sense in the simplest way. We qualify because our business was either shut down or restricted by law from March 18, 2020 until March 10, 2021. I have two questions. First, since we were allowed to go back to 100% operations before the end of Q1 2021, can we only use qualified wages up to March 10th, or can we use the whole quarter (in our case, 2 more paychecks) to determine Eligible Wages? Second, because we are eligible for ERC due to the shut-down, does the rule that if we qualify in Q1 2021, we automatically qualify for ERC in Q2 2021, even though our business was allowed to operated at 100% in Q2 2021? Thank you for your help.

[@catwednesday]

I'd love to know the answer to these questions also. Thanks!

[@zacrepinski]

Were you able to apply for your ERC credit properly?

[@marouanebonami1322]

@@catwednesday Let's setup a brief call I'd be more than happy to answer your questions as well.

[@marouanebonami1322]

@@zacrepinski Yes, and we've helped many business owners with the process as well. Let me know if you'd be interested in saving a call to discuss the ERTC, I'd be more than happy to do so.

[@entrepreneurdreamteam6158]

Thank you for your video. It is the best one so far I’ve seen. May I ask will you help me to file please?

[@CommunityCPA]

Hello! You can reach out to us at [e-mail], and we can help, or call at 515-288-3188 and ask for Dan

[@janetdwyer2781]

Do you amend your taxes when you file erc or do you amend when you receive a check from IRS for Erc?

[@imlkrsfn]

The check that comes in the future will count towards that current tax year.

[@marouanebonami1322]

Janet, you must amend your taxes before. If you're available we could save a call for tomorrow or Tuesday I'd be more than happy to answer any questions you may have.

[@stuarttaylor5330]

@@marouanebonami1322 wouldn't the point be that you have filed a claim. Until it is processed and accepted you don't have anything to amend. If the IRS say yes, we accept the claim, then I'd amend. There could still be a gap between the claim being accepted and actual payment. If you do recommend filing when the claim is made, would you also recommend that the additional taxes owed from 2020 be paid now (possibly 1 year in advance of any refund check)?

[@AndrewCamacho-ye7cm]

Thank you for this detailed lesson...I was able to do this on my own and save money. - thanks!

[@CommunityCPA]

Glad it helped!

[@gabrielvincent6537]

Do you need to file with specific employee information like there name and social security number or just the info for the business?

[@CommunityCPA]

When file 941X and you do not need to present the detailed info like you mentioned but when calculating your credit, you would have to have that in order for you to get to a number. so I would say yes you need to have that but not to file that at initial time.

[@gabrielvincent6537]

@@CommunityCPA Please tell me which form do I use for :Recovery Startup business? DO i use original 940 Q3 2021 or 940x . I never filed original with startup..

[@gabrielvincent6537]

@@CommunityCPA PLEASE WHAT I DO FOR RECOVERY START UP BUSINESS. CAN YOU PLEASE HELP? Thank you, so kind for your time and energy! I never filed original 940 for recovery- how do i file it NOW??

[@CommunityCPA]

@@gabrielvincent6537 we're happy to help you. You can reach out to the partner of the firm regarding ERC assistance, [e-mail]

[@LP-cg1ec]

EXCELLENT and very helpful!

[@CommunityCPA]

Glad it was helpful!

[@businessownership]

How much you charge to do the ERC?

[@marouanebonami1322]

Stanley, when would you be available for a brief call?

[@marouanebonami1322]

The ERTC's intent hasn't wavered, however many changes have made a few misconceptions surface especially when asking someone who has no experience with tax incentives or grants. If anyone needs help with the process or has any questions/concerns concerning the ERTC please feel free to reply back to me I'd be more than happy to setup a brief call to discuss the matter.

[@dottiemingate4836]

I'm interested. Trying to file.

[@marouanebonami1322]

@@dottiemingate4836 Hey Dottie, when would you be available for a brief call?

[@marouanebonami1322]

@@dottiemingate4836 Hello Dottie, you've never reached back to me.

[@queenpisces1988]

I WOULD LIKE A CALL ASAP

[@cameron-mn3ui]

For the period 3/13/2020 - 3/31/2020; can I use wages paid on 3/13/2020, or should I use only wages earned in that date? (3/13 was a payroll check date for the first 2 weeks of March) ? Thank you

[@neilpatel11]

In Part 2 of 941-x DO YOU CLICK 3 c of 3 d? I have heard 3 D but your sample says 3C

[@marouanebonami1322]

Let me know if you still need help.

[@frankquocle9148]

Hi, can Sub-contractors with Schedule C, Form 1099, be qualified for ERC? Thank you.

[@stevenmessmer3088]

No, only employees

[@breenguyen526]

Is it too late to apply?

[@noodleculture]

i would like to know this too

[@Platinum_Bea]

No, you can apply until 12/31/2022

[@marouanebonami1322]

Bree I would be more than happy to answer any questions you may have, you can still claim the ERTC for 2020 and 2021.

[@marouanebonami1322]

@@noodleculture Yes you still can claim the grant! Let me know if you have any questions.

[@jamessalazar2367]

Would you happen to have a pdf copy of the credit requirements forms by chance 🤔?

[@marouanebonami1322]

James, I might be able to help, let me know if youd be interested in saving a call sometime this upcoming week.

[@kingoftheslabtvchannel1628]

@@marouanebonami1322 hello I need your help

[@marouanebonami1322]

@@kingoftheslabtvchannel1628 Hey there, sure how may I help you?

[@RAYCPAS]

Can I qualify for the ERC if I started my business in 2021 and I paid myself trough a W2? I am the only employee.

[@marouanebonami1322]

Sadly you wouldn't qualify Ray.

[@taywalk5341]

Where’s the link to apply

[@marouanebonami1322]

Don't use any links Tay, you'll have to mail the 941x forms to the IRS so no need to go through freshly incorporated companies whom are trying to make quick profits through others refunds. Let me know if you need help with anything.

[@mishasood4420]

@@marouanebonami1322 can I get help from you?

[@marouanebonami1322]

@@mishasood4420 Yes of course Misha I can have my colleague call you to confirm if you qualify and then we could assist you with the claiming process.

[@calazzell]

Any business owner that has time to go through over 200 pages of legislation to maximize their refund? It is a rush before December - because the 2020 $5000/employee goes away in January and they will receive LESS money if they wait. ERC Specialists has helped over 10,000 businesses get over $2 BILLION in refunds in the last year. Don't wait!

[@marouanebonami1322]

Not true Carrie the 1st quarter of 2020 doesn't expire until July 2023, please refrain from providing the wrong info to win a 2% profit for yourself, or at least tell the truth. Nice way of creating urgency by the way lol.

[@stevenmessmer3088]

2020 ERC credit doesn't expire until April 2024

[@jawonga]

If anyone still needs someone to do this for them, Iet me know.

[@The_vic_experience]

I need your help.

[@MrDwittit]

I do

[@marouanebonami1322]

@@The_vic_experience Victoria, when would you be available for a brief call to go over the qualifications?

[@marouanebonami1322]

@@MrDwittit When would you be available for a brief call to go over the qualifications?

[@Ralphtakesit2thetop]

@@marouanebonami1322 how much

[@humanresources9036]

I agree with you on them trying to make accountants quit their jobs, haha.

[@marouanebonami1322]

Accountants aren't supposed to be educated on tax incentives and grants especially retroactive ones since they're continuously being amended and changed as time rolls on. Human Resources? I might have an interesting referral program you might find interesting, let me know I could save a brief call with my director perhaps this upcoming week.

[@lancewallach1089]

IRS warned taxpayers to “think twice” about claiming the employee retention credit (ERC) as the Service is “actively auditing and conducting criminal investigations” relating to claims that are more frequently turning out to be false. This year, the IRS says be suspicious of anyone who claims they can get you an extremely large refund or employee retention tax credits. Although we all knew IRS examinations of Employee Retention Credit (ERC) claims were likely to occur, this possibility is now a reality as many not-for-profit (and for-profit) organizations are being audited. Of the hundreds of calls I have received from organizations that applied in my opinion almost none would meet the IRS requirement and will probably be audited. If you have applied I suggest you get another opinion before you get audited, as there are things that you can do to prevent a big problem. Google Lance Wallach and whoever put you into this scam: who seems more qualified?