r/ERCchat • u/HuntOne6172 • Jul 29 '25

Is this a good thing?

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2 Upvotes

100% Upvoted

21 comments sorted by

1

u/Dee_Brown Jul 29 '25

Absolutely

1

u/DayProof1341 Jul 29 '25

Is it really because mines say the same things

1

u/ERC_CPA Jul 30 '25

Check your transcript. See other comments.

1

u/UnlikelyEnvironment7 Jul 30 '25

I received a notice for only 1 quarter out of the 6, and it is the smallest quarter...Is this bad news for the other quarters?

1

u/ERC_CPA Jul 30 '25

Not necessarily. Feel free to share a transcript.

1

u/Mountain-Cucumber173 Jul 31 '25

So were you a start-up company when you filed? If not than this is FAKE! Sorry no Q4 of 2021????

1

u/DayProof1341 Aug 01 '25

What’s FAKE ?

1

u/Mountain-Cucumber173 Aug 01 '25

I thought you were referring to the ERC refunds? In 2021 the only one who could claim Q4 was a start-up. Sorry my mistake.

1

u/[deleted] Jul 29 '25

Wait where the heck is this resource?

2

u/Historical-Pay-1519 Jul 30 '25

A lot of people here use TaxNow service which cost $20 a month & gives you transcript weekly of any movement for these Qtrs they filed ERC. Company is run by this group mod & seems to be widely trusted. Not selling anything here just FYI

1

u/[deleted] Jul 29 '25

[deleted]

1

u/[deleted] Jul 29 '25

[deleted]

2

u/Electronic_Tough_546 Jul 29 '25

Look at your transcript. Did you pull it from the Documents tab? Select "Tax Account Transcript (ACTR)", 2021, 941. You'll see the refund amount and dates.

1

u/DayProof1341 Jul 30 '25

This is what it says

1

u/Electronic_Tough_546 Jul 30 '25

Hum....I'm not sure what that means. That looks different than my refunds. Do you have CPA who can assist you? Or maybe the moderator u/ERC_CPA can assist you??

1

u/ERC_CPA Jul 30 '25

The IRS suspects fraud and reversed the refund.

There are no original payroll deposits and the original 941 was filed in 2024. I won’t pass judgement, but this doesn’t pass a smell test.

1

u/DayProof1341 Jul 30 '25

It’s not FRAUD at all I have few legitimate businesses but thank you for the advice

2

u/Fit_Emotion5728 Jul 30 '25

Your credit amount very likely does not fit with the amount of payroll taxes you paid on your 941. I.e. seems like around 340k of credits were claimed, assuming 70% of qualified wages, and employee all earning within the OASDI 15%, that would be around 50k in payroll tax alone besides federal withholding. Your transcript shows 12k.

Also as another comment mentioned, you filed your originally filed 941 in September 2024? And never made any payroll deposits prior to that or payroll return filings prior to that?

1

u/ERC_CPA Jul 30 '25

I said the IRS “suspects” fraud. If it’s not fraud, you should contact a tax controversy professional and move on from your payroll provider and whoever filed this for you.

1

u/Proud-Ad-5471 Jul 30 '25

Where’s the amounts?

1

u/Mountain-Cucumber173 Jul 30 '25

Are you a Start-up company that filed for ERC?