Should You Prepare Your Client’s Amended Return for ERC?

Several third-party promoters are making false claims to small business owners, making them think they qualify for the employee retention credit (ERC), even though the small business most likely does not qualify. In this video, Larry Gray, CPA,  explains what your due diligence and liability look like as a tax professional in helping your small business clients determine if they qualify for the ERC. He gives you items to consider when determining whether you want to take on the engagement of preparing an amended return claiming the credit.

Videos created by AGC Solutions
Related videos:
Beware ERC Scam. Don’t take the bait! Real facts about ERC.
Warning Signs of a False ERC Claim

By Larry Gray, CPA
Partner, AGC Solutions

AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.