Are You At Risk For An ERTC Audit?

The employee retention tax credit (ERTC) is a credit that many employers took in 2020 and 2021. Those credits are normal and provide your company with the funds necessary to survive the upheavals of the pandemic. However, the IRS has recently raised concerns about employers’ intended use of these tax credits and has begun to take action. You don’t have to have done anything wrong to risk an audit.

At Bomar Law Firm, our team of tax attorneys understands the struggles businesses in Atlanta face when it comes to tax time. Across Georgia and the United States, there are massive inconsistencies in how the IRS and the state-level tax authorities enforce the tax codes. This leaves businesses in a bit of a difficult position as time moves forward and audits become more likely.

An Audit Is Not Proof Of Noncompliance

The ERTC was an emergency program to help businesses in need during a national emergency. Companies that took these credits had strong reasons to do so, and you have every right to mount a strong defense of yourself. You may need to provide evidence to support your side, such as:

• PPP loan paperwork
• Your credit and banking reports
• Employee records

By compiling the proper records, you build a case that defends your use of the tax credit. That said, simply having the evidence is not always enough.

Audit Representation From Bomar Law Firm

Our firm can not only help you with your audit research and responses, but we can also take over as much of the audit communication as you need. We’re skilled in speaking with the IRS and advocating for you.

An audit is not proof of wrongdoing, and it does not mean you are on the hook. However, you do need to act appropriately and get the help you deserve. Contact us at 800-765-2779 or send an email to get started.