KLR’s Post

No doubt, the ERC moratorium has changed the game. But for businesses with genuine claims, it's an opportunity in disguise. While the IRS focuses on reviewing existing claims, we're dedicating more time to building ironclad cases for businesses like yours. We're not just dotting the i's and crossing the t's - we're going deep into the nitty-gritty of government orders and linking them directly to your unique situation. - Decline in gross receipts due to pandemic restrictions?  - Significant drop in quarterly sales compared to pre-Covid times? - Partial shut-downs or capacity restrictions during Covid? - Changes to your core operating procedures, or bottle-necks due to government orders? We've got you covered. Our team leaves no stone unturned in documenting your eligibility, ensuring you get every single dollar you deserve. Some might see the moratorium as a roadblock, but we see it as a chance to strengthen your claim. DM me to learn how we can help you come out ahead in the ERC game.

It will be fascinating to see how the IRS distinguishes ERC “hardship cases” (worthy of immediate processing) from the many other ERC filer (who are apparently just fine operating indefinitely without the credits to which they are entitled).

#OnThisDay in 1952, #PuertoRico became a self-governing commonwealth of the United States. Its future might be statehood, independence or more of the status quo, but change is unlikely to be won through voting. 🔓 This article is still free to read for the next 7 days at https://lnkd.in/eCfMEWcS

AMDG A note of explanation: As the former chair of the House Permanent Select Committee on Intelligence, Adam is easily one of the smartest persons I've seen. Intelligence coupled with sincerity of purpose is what Our Country needs. Another reminder (with a personalized link) is below: https://lnkd.in/gCqia8WM

⏰ ERC Claim Deadlines Approaching: Act Wisely! ⏰ Remember, the deadlines for claiming the 2020 and 2021 ERC are April 15, 2024, and April 15, 2025, respectively. To navigate this complex process and ensure your claims are legitimate, it's crucial to work with qualified tax professionals, like us. https://ow.ly/k1mV50QzNhI #EmployeeRetentionCredit #ERCMoratorium #IRS

If passed this deal will close the ERC opportunity. However there are several business provisions that are very favorable for taxpayers and to help generate cash flows. Lets talk to see how this could have a positive impact on your business

https://lnkd.in/gpw2s4Tp More legislators are realizing that a Convention of States is the only way to save our Republic. Learn more at: https://bit.ly/COSOregon #conventionofstatesoregon #ConventionofStates #ArticleV #WeThePeople

IRS ERC Moratorium Update: Declaration of Douglas O'Donnell - "33. Knowing the significant risk of the paper claims in inventory, we will process claims that have the highest risk of ineligibility, looking on a first-in first-out basis starting with claims filed before the #moratorium, by issuing notices of claim disallowance. We also will process claims that have the lowest risk of ineligibility, also looking on a first-in first-out basis starting with claims filed before the moratorium, by providing either a full allowance or a partial disallowance of the claim. The processing of those claims will occur over the summer. We expect the pace to go slowly and judiciously as we continue to refine our analytical tools." #erc

Important Update from the IRS The IRS has announced that ERC claims filed between September 14, 2023 and January 31, 2024 are now being moved into processing. If you have submitted a claim, please stay tuned for further updates. For more information, visit the official IRS website. https://lnkd.in/gVez3jfB #IRSUpdate #ERC #IRSNews