ERC – Preliminary Questions to establish eligibility for Employee Retention Credit:
Please first review the qualification rules found under our blog: click here
Thank you for contacting us in regards to the Employee Retention Credit (ERC). The Employee Retention Credit (ERC) provides a refundable tax credit of up to $5,000 for each qualified full-time employee retained between October 1, 2020 and December 31, 2020 and up to $7,000 per quarter for each qualified employee in 2021 (up to a total of $28,000 for each qualified employee retained between January 1, 2021 and December 31, 2021).
Please answer the below 7 preliminary questions and submit to us for further review to determine initial eligibility. Items with * Asterisks are mandatory and need an answer, other ones can be provided later but ultimately are required : We would need documentation that your gross receipts has indeed decreased as indicated below and we would not be able to proceed if you are unable to provide documentation at a later time.
More than 50% owners who are employees and related party employees do not qualify for the Employee Retention Credit. Even less than 50% owners don’t qualify under many circumstances. . Related parties include Spouse, Child or descendant of a child, brother, sister, stepbrother, or stepsister. The father or mother, or an ancestor of either. A stepfather or stepmother. A niece or nephew. An aunt or uncle. A son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law.
Please fill out the above information along with your contact information. Kindly call us at (310) 202-1010 after you submit your answer as sometimes they do not come through. We will review and then contact you with further questions.
Complete the following preliminary eligibility form to find out if you may qualify:
Please call (310) 202-1010 after you submit the information in order to make sure we received it as sometimes the submissions don’t get through.