Event Overview
Recent developments in Employee Retention Credit (ERC) processing and IRS ERC examinations have left many who made ERC claims in the dark as to whether they will receive them. Others are wondering whether they will be the scapegoat in penalties for an overreaching claim. Many CPAs and tax preparers are stuck in the middle and don’t know how to advise their clients or help them receive their claims.
The IRS examination of ERC claims is also mired in confusion and nuanced legal issues. Last fall, the IRS announced a new safe harbor withdrawal process for taxpayers who have submitted ineligible ERC claims. The ERC claim withdrawal process is narrow in scope and only available to organizations that can meet all four of the IRS requirements. Questions remain for taxpayers who did not meet those requirements but may need to amend or withdraw their claim.
Eide Bailly’s National Tax Office has helped clients benefit from the Employee Retention Credit and navigate the withdrawal and audit processes when receiving questions from the IRS.
Please Note: This webinar was also hosted on August 19. Both sessions will cover similar content, we'll include updates as new information becomes available.
- Summarize current Employee Retention Credit (ERC) qualifications and challenges.
- Identify ways to follow up on the status of an ERC claim.
- Assess strategies to deal with IRS examination of ERC claims.
- Address the ERC withdrawal process and fallout from the end of the Voluntary Disclosure Program.
Ben J. Peeler, J.D., CPA, LL.M.Partner/IRS Tax Controversy Practice LeaderBen joined the firm early in 2014 with many years of tax experience, both as an attorney and an accountant. He specializes in federal tax, controversy and procedure work, assisting with clients in the areas of income tax, estate and gift tax, property tax, sales and use tax, estate planning and many other tax matters. Ben's vast experience includes representing clients before the IRS, as well as representing the IRS before the U.S. Tax Court and during litigation before the federal district courts as a special assistant to the United States Attorney. Today, Ben leads the firm's IRS Practices & Procedures as a federal tax, controversy and procedure specialist and serves on Eide Bailly's National Tax Office team that is committed to helping clients resolve their tax issues.
Tonya M. Rule, CPAPartner/Affordable Care Act Practice Leader/Employee Retention Credit Co-LeaderTonya helps businesses with the rules surrounding the Affordable Care Act. She assists large employers with the compliance requirements, Forms 1094-C and 1095-C, and she also advises them on very technical rules that many employers and advisors aren't aware of. In addition, she works with small businesses who are planning on expanding their current operations to make sure they are doing everything from measuring their employees correctly to deciding on the best insurance plan for their business. Tonya regularly works with clients on various ACA IRS notices and has been very successful in getting most of these penalties abated.
Jim E WesselBusiness Development DirectorJim develops and nurtures relationships with external accounting, tax and other professional service providers to virtually broaden the services they can offer through a trusted referral relationship with Eide Bailly. He advises referral relationships on the variety of services that Eide Bailly offers and works closely with the referral client to find solutions and provide requested advice.
Jim Donovan, CPAPartner/National Tax OfficeJim has 20 years of tax consulting experience primarily focused on tax credits for a variety of industries. He helps clients benefit from federal and state R&D tax incentives, which can include additional deductions and credits for activities many businesses consider a necessity to remain competitive in today's marketplace. He also provides assistance with IRS and state taxing authorities to support R&D credit claims and has written articles on tax incentives.
Gil Mitchell, EASenior ManagerGil helps our clients by using his 36 years of IRS examination experience to guide each examination or tax controversy to the best possible solution. Gil's main focus today is leading the firm's Employee Retention Credit Controversy (ERC) Team to resolve our clients issues with both ERC examinations and unpaid claims.
Elyse Katz, CPAPartnerElyse is a former Revenue Agent with the IRS and comes to us with 10 years of experience in IRS Controversy cases. She handled the entire range of income tax audits from large flow-through business entities, captive insurance, employment tax, and individuals for the IRS. She can provide an in-depth understanding of complicated IRS audit issues as well as a diverse understanding of technical tax issues from the IRS perspective.
- CPE Credits1
- Field Of StudyTaxes
- Level Of KnowledgeBasic
- Delivery MethodGroup-Internet Based
