COVID-19 regulatory and tax updates
-
300 New IRS Auditors for ERC
The IRS recently announced that 300 staff have been trained to do ERC audits. They will be busy.
-
Beware of Those Bearing ERC Gifts
Employer Retention Credits are valuable incentives, but before you start the process of making a claim, know who you are working with.
-
Why Can’t I Defer my ERP Payment?
Emergency Relief Program (ERP) payments received in 2022 cannot be deferred to 2023 in almost all cases. We go over the reasons why.
-
Employee Retention Credit Seminar Opportunity
The Employee Retention Credit continues to be a hot topic and potential for large cash refunds for those employers who can demonstrate the required decrease in gross receipts or other Covid related shut-down parameters from Q2 2020 through Q3 2021. I have many clients that have received six figure refunds because of this credit. The […]
-
File FSA-520 Now!
Just a reminder that you need to file your ERP application (FSA-520) by this Friday July 22. The FSA-510 to show farm AGI greater than 75% can actually be filed within 60 days after that date.
-
What Does 2020 or 2021 Mean?
We answer a reader’s questions on how wages and dividends paid by a farm entity count as farm income.
-
What Is Adjusted Gross Income From Farming?
If your Adjusted Gross Income from farming is greater than 75% of total AGI, then you might qualify for a higher payment limit under ERP. However, the key is what is farming income. We go over the details.
-
ERP Updates
We provides some updates to the new Emergency Relief Program (ERP) announced by USDA this week.
-
Finally – Some Details on Emergency Relief Program (Old WHIP+)
USDA announced details for Phase 1 of the new Emergency Relief Program (ERP) which replaces WHIP+.
-
More Guidance on ERC Gross Receipts
We respond to various reader’s questions on ERC gross receipts.