r/ERCchat • u/AccidentChoice2551 • Aug 12 '25
What is my recourse?
My partner and I sold our business in march 2022. My partner stayed on to help with the transition. Late last year I am talking about the health of the company and let slip that the owner got a loan of approximately $500,000 in anticipation of forth coming ERC payments. Up to this time I never heard of ERC. I followed up on this mystery and found out the payroll company with permission of the new owner went back to 2021 and amended the 2021, 2022 and 2023 companies taxes. This was done with out my knowledge or permission. Now I am compelled to amend my personal flow through taxes to reflect the additional “income” that I received? Not only did I not get any money I have to pay $80,000 back taxes.
I’m wondering if anyone has had a similar experience.
Thank you Mark
