Cut wide open by the new Con App 2021 legislation, the Employee Retention Credit (ERC) can yield a ton of money. Con App 2021 opened ERC up to PPP borrowers retroactively and expanded it prospectively. It's the perfect storm with plenty of payoffs to create a hunger for it. The time is now to get your slice of the pie.
How to claim it? Against Forms 941 and 7200, old and new. How does it interact with the income tax return? What must every unsuspecting income tax preparer know? How does it interact with the PPP forgiveness app?
Complexity abounds with the revamped ERC (the new retroactive keys to the kingdom). If you haven’t spent hours threading the needle between the old and the new, we’ll cut your learning curve down for you.
Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.