Roger Testifies to Congress About ERTC
Manage episode 377391400 series 3436441
Earmark Media, Roger Harris, EA, Annie Schwab, and CPA에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Earmark Media, Roger Harris, EA, Annie Schwab, and CPA 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 저작물을 귀하의 허가 없이 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르십시오 https://ko.player.fm/legal.
In this bonus episode of Federal Tax Updates, co-host Roger Harris provides witness testimony to the United States House Committee on Ways and Means Oversight Subcommittee Hearing on the Employee Retention Tax Credit Experience: Confusion, Delays, and Fraud. Roger and other tax experts break down the issues small businesses and tax professionals have faced in claiming this credit, including long delays, confusing guidance from the IRS, and fraud by bad actors. These witnesses also discuss potential solutions and their experiences working with small business owners struggling to receive ERTC funds to which they are entitled. The full audio of this hearing provides an illuminating look at the policy and administrative hurdles impacting this important pandemic tax relief program.
Chapters
- (00:00) - FTU Bonus
- (23:54) - Roger introduces himself to Congress
- (42:17) - Roger speaks about the ERTC backlog
- (01:11:06) - Small businesses have been trapped
- (01:17:39) - Roger expresses need for clear and permanent guidance
- (01:20:40) - How fraudulent applications impact small businesses that unknowingly worked with ERTC mills
- (01:28:12) - IRS needs technology
- (01:37:09) - Number of ERTC claims waiting to be processed
- (01:39:17) - How to stop the bad actors
- (01:41:49) - How to help small businesses that have been scammed
- (01:53:26) - Three types of ERTC fraud
Links
YouTube Video of Hearing: https://www.youtube.com/watch?v=yotrB5DtdGA
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Annie Schwab
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