Demystifying the Employee Retention Credit (ERC) with Dan Pilla, America's Tax Authority
Manage episode 388406100 series 3535496
Welcome to another insightful episode of the Pilla Tax Podcast! Today, we're tackling one of the hottest topics on the minds of small business owners: the Employee Retention Credit (ERC). With over 40 years of experience in tax litigation and as the founder of the Taxpayers Defense Institute, Dan Pilla is the person to clear all your doubts.
Small businesses across the nation have been clamoring for clarification on the ERC. Questions abound:
- How long is the ERC available?
- Does the business need to have had a substantial drop in revenue to qualify?
- What was the IRS statement declaring the credit a fraud all about?
Dan Pilla, the author of 15 books and a leading authority on tax matters, provides detailed answers to these questions and more. Leveraging his unmatched expertise, Dan explains the complex provisions of the ERC, the qualifying criteria, the fraud allegations, and the critical strategies that businesses can employ to leverage this credit.
In this episode, you'll discover:
- A comprehensive understanding of the ERC
- Insights into recent IRS announcements and fraud alerts
- Tips on how to ensure your business's eligibility
- Practical guidance for claiming the ERC without running afoul of IRS rules
- The significance of the ERC for the broader tax landscape and small business community
Whether you're a business owner, tax professional, or simply interested in the ever-changing world of tax law, this episode is an essential listen.
Join us and let Dan Pilla guide you through the murky waters of the ERC, ensuring that you're informed, compliant, and ready to make the most of this essential tax credit.
Don't forget to like, share, and subscribe for more in-depth tax insights from the master himself!
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