Ensure You Qualify Before Applying for the ERC: IRS Audit Defense

July 21, 2023
Dayes Law Firm

If you’re a business owner in the United States, by now, you’ve hopefully looked into the Employee Retention Tax Credit, sometimes called the ERC or ERTC. If you haven’t yet because you’re not sure you qualify, that’s something you’ll need to work out rather than trying to apply for the credit without all the facts.

You’ll want to ensure you qualify before applying for the ERC so hopefully avoid being audited by the IRS. To be extra careful, you can get assistance from a team of tax professionals like the one at Dayes Law Firm, which can guarantee an IRS audit defense if you work with them on applying for the Employee Retention Credit.

Applying for the ERC

Your business could be eligible to apply for the ERC if it suffered losses and faced government restrictions during the COVID-19 pandemic. The tax credit is available to eligible employers for wages paid from March 13, 2020, through December 31, 2021. 

To qualify for the Employee Retention Credit, your gross receipts for a calendar quarter in 2020 must have been less than 50 percent of the gross receipts for that same quarter in 2019. Alternatively, those gross receipts could have seen at least a 20 percent decline from 2019 to 2021. 

Getting a tax attorney involved to help you determine if you qualify and can apply for the ERC isn’t a bad idea if you’re particularly nervous about getting all the specifics right and avoiding an IRS audit. The skilled ERC team at Dayes Law Firm can not only help you with qualification and application documentation, but we can also offer a defense for businesses facing an ERC audit or if there is ever a request for an audit in the future.

Dayes Law Firm ERC Audit Defense 

The ERC professionals at Dayes Law Firm work with lawyers, CPAs, ERTC firms, and businesses when it comes to ERC application-related complications including audits and defense of audits.

The IRS has warned that “improperly claiming the ERC could result in taxpayers being required to repay the credit along with penalties and interest,” which no business owner wants to deal with. We can assist you with your ERC application to make sure you definitely qualify to claim it in the first place and will stand behind our work to defend any ERC refunds we believe are due to your business.

At Dayes, we offer a free consultation on any of your Employee Retention Tax Credit questions. If you have any concerns about getting your ERC application right, or want to be protected with a strong audit defense, our team may be the right choice to support your business. 

The Dayes team and our partners have a proven track record when it comes to managing ERC applications. We are confident in our ability to help you claim the tax credit and with any possible audit defense you may need. 
Contact us for a no-obligation, free consultation, by giving us a call or filling out the form on this page to get in touch. We look forward to hearing from you!