Employee retention credit (ERC) issues will persist for years as additional credits are claimed, and IRS examinations of ERC claims increase. In addition, the proliferation of unethical ERC "mills" requires a review of what constitutes a reasonable ERC claim and a practitioner's ethical obligations with respect to the ERC. Additional topics to be included are considerations for amending returns to reduce wage deductions and assessment and refund statute of limitation issues.

Learning Objectives:

  • Explain AICPA and OPR professional guidance related to the ERC.

  • Apply the assessment statute of limitations to the ERC.

  • Apply the refund statute of limitations to the ERC.

  • Describe the potential unreasonable positions for claiming the ERC.

Education Information

IRS Program Number: NMVBP-T-00253-23-S

Length: 50 minutes plus optional question-and-answer session (no CE)

Prerequisite: Prior education on ERC equivalent to ERC Update: Notice 2021-49 and ERC: Preparing Forms 941 and 941-X

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: QAS Self-Study (NASBA) / On-Demand (IRS)

Field of Study: Taxes (NASBA) / Federal Tax Law Topics/Federal Tax Related Matter (IRS)

Credit hours: 1 NASBA CPE / 1 IRS CE

Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies. 

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