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    What Happens to Nonrefundable Credits Exceeding Tax Liability?

    23/03/20231 minute 50, seconds read
    Are Owner Wages Excluded from the Employee Retention Credit (ERC)?

    Are Owner Wages Excluded from the Employee Retention Credit (ERC)?

    23/03/2023
    Who Doesn't Qualify for the Employee Retention Credit (ERTC)?

    Who Doesn't Qualify for the Employee Retention Credit (ERTC)?

    22/03/2023
    Can Non-Profits Take Advantage of the Employee Retention Credit?

    Can Non-Profits Take Advantage of the Employee Retention Credit?

    21/03/2023
    What Does Non-Refundable Tax Credits Exceeding Your Tax Payable Mean?

    What Does Non-Refundable Tax Credits Exceeding Your Tax Payable Mean?

    20/03/2023

    Recent Posts

    Reporting Employee Retention Credit on 1120s: A Comprehensive Guide

    Reporting Employee Retention Credit on 1120s: A Comprehensive Guide

    19/03/20232 minutes 35, seconds read

    The Employee Retention Credit (ERC) is a tax credit available to employers affected by the COVID-19 pandemic. According...

    Is Employee Retention Credit Tax Exempt Income?

    Is Employee Retention Credit Tax Exempt Income?

    18/03/2023
    Can You Deduct Employee Retention Credit?

    Can You Deduct Employee Retention Credit?

    17/03/2023
    Will the IRS Audit Employee Retention Credit Claims?

    Will the IRS Audit Employee Retention Credit Claims?

    16/03/2023
    Who is Eligible for the Employee Retention Credit (ERC)?

    Who is Eligible for the Employee Retention Credit (ERC)?

    15/03/2023

    Editors Picks

    Are Self-Employed Eligible for Employee Retention Credit?

    Are Self-Employed Eligible for Employee Retention Credit?

    14/03/20232 minutes 25, seconds read

    In the wake of the coronavirus pandemic, the Department of the Treasury and the Internal Revenue Service (IRS)...

    Amending Tax Return for Employee Retention Credit

    Amending Tax Return for Employee Retention Credit

    13/03/20232 minutes 29, seconds read

    Do you need to amend your tax return to apply for the Employee Retention Credit (ERC)? The answer is yes. If the...

    Claiming Employee Retention Credit on Form 941

    Claiming Employee Retention Credit on Form 941

    12/03/20232 minutes 10, seconds read

    Form 941 is the form used by employers to declare Social Security and Medicare income and taxes withheld from employee...

    Are Owners Eligible for Employee Retention Credit?

    Are Owners Eligible for Employee Retention Credit?

    11/03/20233 minutes 3, seconds read

    The owners of an LLC cannot apply for the employee retention credit (ERC) because their salaries come from the company's...

    How to Record ERTC for Profit Organizations

    How to Record ERTC for Profit Organizations

    10/03/20232 minutes 14, seconds read

    For-profit organizations can apply for the Employee Retention Tax Credit (ERTC) as a state grant using subfield 958-605...

    Reporting Employee Retention Credit on Form 990

    Reporting Employee Retention Credit on Form 990

    09/03/20231 minute 5, seconds read

    Filing Form 990 requires organizations to follow the book report. The IRS has recently updated their frequently asked...