mike9
Level 4
03-17-2021
07:20 PM
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Thank you DD..I have the same and the guidance uses the word "claimed" and not received.
I thought I would bring this up because the ERC application is not a clearly understood process due to poor guidance from the IRS . I suspect that many of the applications may be denied or reduced substantially. IRS FAQ's even have a qualification that the guidance may change
Related party payroll, pro ration of PPP loan payroll, PPP loan forgiveness applied for prior to 12/29/2021 New Cares Act etc. are sticking points.