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re: IRS is halting processing on all new ERC claims

Posted on 9/19/23 at 12:58 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39162 posts
Posted on 9/19/23 at 12:58 pm to
quote:

Crap I missed the boat on this. Still apply though?

Got two small PPPs that kept two small businesses alive.


With all due respect, it's been over three years, how did you miss the boat here?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39162 posts
Posted on 9/19/23 at 12:59 pm to
quote:

It’s hard for me to fault anyone for taking advantage of any of these programs, at some point it weakens you competitively not to.


Sure. As a business owner you should seek out everything you are entitled to. There is no shame whatsoever in that.

But it's what you are entitled to. Not what you fraudently take.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39162 posts
Posted on 9/19/23 at 1:01 pm to
quote:

I have to turn away clients asking to file the ERC for supply chain reasons all the time. If they cannot prove they qualify or provide the documentation, I refuse to file it for them. I cant in good conscience set them up for future fines and penalties just to line my own pockets



How many clients have you completely lost because of this?

I know a lot of people have lost clients because they say the client doesn't qualify, and then these fraud mills say they do, and now the client is pissed off at the CPA and leaves.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31802 posts
Posted on 9/19/23 at 3:14 pm to
quote:

"Well I would fix my plumbing but my houses electrical wiring also needs to be fixed, so I guess I'll just sit here without either"
quote:

Whataboutism is literally the first reponse to every single issue our society faces these days. It's gross.

You see it everywhere bc you don’t understand the term. Whataboutism is referring to inconsistent application of rules - “the president had confidential documents in his possession and is being indicted for it - well what about the previous president who did that and wasn’t tried for it?”
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
43408 posts
Posted on 9/19/23 at 9:27 pm to
quote:

can help you if you're serious. They have frozen the refunds, but do accept the filings.


I am. Thanks.

genejr at bayou d0t net is my email.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
43408 posts
Posted on 9/19/23 at 9:29 pm to
quote:

With all due respect, it's been over three years, how did you miss the boat here?


I just didn’t know it existed until about 2 months ago thanks to all the crazy advertising.
Posted by kaaj24
Dallas
Member since Jan 2010
789 posts
Posted on 9/20/23 at 6:06 am to
It was a huge scam. Companies got into the game including law firms saying that basically everyone was eligible. May of these firms were charging 15-22 % of calculated ERC.

It really needs to be audited
Posted by leeman101
Huntsville, AL
Member since Aug 2020
2045 posts
Posted on 9/20/23 at 8:36 am to
quote:

thanks to all the crazy advertising.


Yes seems every other week I get mail on filing ERCs from various firms, for a company I closed down last year.

Posted by LSUFanHouston
NOLA
Member since Jul 2009
39162 posts
Posted on 9/20/23 at 8:12 pm to
quote:

just didn’t know it existed until about 2 months ago thanks to all the crazy advertising.


Really??

You need a new CPA if you aren’t getting this basic information
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
43408 posts
Posted on 9/21/23 at 7:26 am to
I’m my own cpa, which of part of the problem
Posted by dgnx6
Member since Feb 2006
79059 posts
Posted on 9/21/23 at 3:33 pm to
quote:

Whataboutism is literally the first reponse to every single issue our society faces these days. It's gross.


Ive been sitting in shite for decades and now i need electrical work. ill fix the electrical and keep the sewage pumping on my floor.



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