Roger Testifies to Congress About ERTC

Federal Tax Updates

Вміст надано Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Earmark Media, Roger Harris, EA, Annie Schwab, and CPA або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

1y ago 1:58:33

MP3•Головна епізоду

In this bonus episode of Federal Tax Updates, co-host Roger Harris provides witness testimony to the United States House Committee on Ways and Means Oversight Subcommittee Hearing on the Employee Retention Tax Credit Experience: Confusion, Delays, and Fraud. Roger and other tax experts break down the issues small businesses and tax professionals have faced in claiming this credit, including long delays, confusing guidance from the IRS, and fraud by bad actors. These witnesses also discuss potential solutions and their experiences working with small business owners struggling to receive ERTC funds to which they are entitled. The full audio of this hearing provides an illuminating look at the policy and administrative hurdles impacting this important pandemic tax relief program.

Chapters

(00:00) - FTU Bonus
(23:54) - Roger introduces himself to Congress
(42:17) - Roger speaks about the ERTC backlog
(01:11:06) - Small businesses have been trapped
(01:17:39) - Roger expresses need for clear and permanent guidance
(01:20:40) - How fraudulent applications impact small businesses that unknowingly worked with ERTC mills
(01:28:12) - IRS needs technology
(01:37:09) - Number of ERTC claims waiting to be processed
(01:39:17) - How to stop the bad actors
(01:41:49) - How to help small businesses that have been scammed
(01:53:26) - Three types of ERTC fraud

Links
YouTube Video of Hearing: https://www.youtube.com/watch?v=yotrB5DtdGA

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