IRS Warns of Fraudulent Employee Retention Credit (ERC) Claims Under Criminal Investigation Last week, the…
Several ERC mills have popped up in the past year promising up to $26,000 in ERC to employers all over the country. A lot of these mills are not accountants, CPAs, or tax attorneys. They are preying on unsuspecting business owners that an ERC claim can be filed and there is nothing to lose if the IRS denies the claim, but a lot of money if it is initially granted. However, a lot of these mills provide inadequate or no audit defense in the likely event you are audited and no refunds if your claim, although initially allowed, is later denied, with no refund of their exorbitant fees. The IRS is auditing most ERC claims over $1 million and is looking at all claims for possible audit if the claim was $200,000 or more. These ERC mills are also not informing the business that they need to amend income tax returns to reduce the expense relating to employment taxes, which results in additional income tax to the business or individual owner of such business.
The former IRS attorneys and IRS enrolled agents at Silver Law PLC have over 100 years of experience in representing taxpayers in employment tax audits and Silver Law PLC has been in business since 2000 and will continue to be in business well into the audit cycle of ERC when some ERC mills will simply fold their tents and disappear. We currently are representing businesses all over the United States in ERC audits and know what the IRS is looking for.
So, if you are under audit for an ERC claim, contact us today through our online form or call us at 480-429-3360 for representation. We represent businesses throughout the United States.
Email: lchapman@silverlawplc.com
Website: taxcontroversy.com
Arizona Location
7033 E. Greenway Pkwy, Ste 200
Scottsdale, AZ 85254
Office:480-429-3360
Nevada Location
410 South Rampart Blvd, Suite 390
Las Vegas, Nevada 89145
Office: 702-318-7130
Henderson Location
2470 Saint Rose Parkway Suite 207
Henderson, NV 89074
San Diego Location
1373 Grand Avenue,
San Diego, CA 92109
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