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FAQs
How do you apply and file for ERC?
To apply for the ERC, file Form 941 for each qualifying quarter. There are many factors that go into accurately calculating your refund, so consider consulting a professional to document the information.
How long does the ERC process take after you submit your application?
The IRS is dealing with a high volume of Employee Retention Credit (ERC) filings, making it difficult to give an estimation for the timeline of the ERC refund process. In some cases, it may take more than 8 months to receive the refund. You may call the IRS directly to inquire about the status of your return.
What can my business use the ERC refund for?
The Employee Retention Credit (ERC) refund can be used for anything. Businesses may choose to pay off debts, retain current or hire new employees, or grow their business in other ways. There are no limitations or rules for how to use the refund.
Why should I work with the tax professionals at Strategic Tax Planning for my ERC claim?
The IRS will examine each Employee Retention Credit (ERC) claim for eligibility, making it vital to be accurate in your filing. Working with a tax professional can help you and your business organize the facts of your claim to give you confidence and assurance in the event of an audit. Strategic Tax Planning will conduct extensive research to ensure your eligibility is supported by current legislation and your business's documentation.
More information can also be found on the FAQ page of our website.
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