Handling Incorrect ERC Claims

Annie and Roger discuss how tax season isn't over yet due to 50,000 ERC claims per week being filed with the IRS. They also go into detail on how to handle incorrect and potentially fraudulent claims.SponsorsPadgett -  Contact Padgett or Email Jeff PhillipsGet NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Links mentioned in this episodeChapters(00:00) - FTU E9
(03:14) - More updates on ERC
(07:54) - Some basics of the ERC
(18:21) - What do we do if we believe the ERC claim to be false and a client comes to us to amend the return?
(24:38) - What is the goal of form 14242?
(33:31) - ERC Suppy Chain Interruption
(35:23) - Quick summary to know if you qualify for ERC
(42:09) - Updates on Tax Cuts and Job Act (Trump Tax Cuts )
(50:42) - How do think the Tax Practitioners tax season went?
(53:01) - Was this a good or bad tax season?
Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPodfacebook.com/FedTaxPodlinkedin.com/showcase/fedtaxpodConnect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.