Our ERC Second Opinion Process
When you come to us for an ERC second opinion, we conduct a comprehensive review of your claim from both a factual and legal standpoint. Our review typically includes:
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Eligibility Check: We double-check if each quarter you claimed truly met the ERC criteria (for example, the required revenue drop or COVID-related shutdown).
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Amount Verification: We recalculate the credit to ensure the amount claimed was accurate and not overstated or understated.
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Documentation Audit: We confirm you have the necessary supporting documents (revenue records, government orders, payroll filings, etc.) to substantiate your claim in case of IRS questions.
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After this thorough review, we explain our findings in clear terms. You’ll either get confirmation that your claim was accurate, or a detailed outline of any problems we discovered.
Fixing Errors and Avoiding Penalties
If our review reveals issues – say your business wasn’t actually eligible for some or all of the ERC you claimed, or the amount was overstated – don’t panic. We’ll help you take proactive steps to fix the errors and minimize the fallout. Depending on the situation, steps to correct the issue may include:
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Amending Returns: If your ERC was already paid out, we help file amended payroll tax returns to pay back any overclaimed amount, which greatly reduces potential penalties
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Withdrawing a Pending Claim: If your ERC claim hasn’t been processed yet, we can withdraw it under the IRS’s special program so it’s treated as if it was never filed (no interest or penalties)
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Voluntary Disclosure: For serious cases, we guide you to voluntarily disclose the error to the IRS, which usually leads to far lighter consequences than if the IRS discovers it on their own
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The IRS is far more lenient with taxpayers who proactively fix mistakes than with those who ignore them. Addressing issues now helps you avoid harsh outcomes later.
An ERC second opinion can save you from costly mistakes and give you peace of mind. Don’t stay in the dark about your ERC status.