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The ERC Landscape with Hale Sheppard

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Manage episode 431307957 series 3436441
Content provided by Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Earmark Media, Roger Harris, EA, Annie Schwab, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This podcast episode features tax controversy expert Hale Sheppard discussing the latest developments and challenges surrounding Employee Retention Credit (ERC) claims. Sheppard provides insights into IRS audit processes, potential penalties for ERC promoters, and the complexities of defending ERC claims. The conversation covers recent IRS announcements, proposed legislation, and the long-term implications for taxpayers and tax professionals.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome to Federal Tax Updates
  • (01:30) - Discussing the Employee Retention Credit (ERC)
  • (02:02) - Introducing Guest Expert Hale Shepard
  • (03:06) - IRS Updates on ERC Claims Processing
  • (06:09) - Challenges in Documentation and Audits
  • (11:59) - Protest Letters and Legal Considerations
  • (15:53) - Patterns and Trends in ERC Audits
  • (21:13) - Impact of Delays and New Business Models
  • (25:45) - Legal Authority and Future Implications
  • (31:20) - The American Rescue Plan and Its Implications
  • (32:17) - Legislation and ERC Claims Cutoff
  • (36:23) - Promoter Penalty Investigations
  • (45:29) - IRS Guidance and Retroactive Challenges
  • (49:36) - Future of ERC and Beneficial Ownership
  • (52:34) - Final Thoughts and Thanks for Listening

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with Hale Sheppard
https://www.linkedin.com/in/halesheppard
https://www.chamberlainlaw.com/people-hale_sheppard.html

Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

  continue reading

45 episodes

Artwork
iconShare
 
Manage episode 431307957 series 3436441
Content provided by Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Earmark Media, Roger Harris, EA, Annie Schwab, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This podcast episode features tax controversy expert Hale Sheppard discussing the latest developments and challenges surrounding Employee Retention Credit (ERC) claims. Sheppard provides insights into IRS audit processes, potential penalties for ERC promoters, and the complexities of defending ERC claims. The conversation covers recent IRS announcements, proposed legislation, and the long-term implications for taxpayers and tax professionals.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome to Federal Tax Updates
  • (01:30) - Discussing the Employee Retention Credit (ERC)
  • (02:02) - Introducing Guest Expert Hale Shepard
  • (03:06) - IRS Updates on ERC Claims Processing
  • (06:09) - Challenges in Documentation and Audits
  • (11:59) - Protest Letters and Legal Considerations
  • (15:53) - Patterns and Trends in ERC Audits
  • (21:13) - Impact of Delays and New Business Models
  • (25:45) - Legal Authority and Future Implications
  • (31:20) - The American Rescue Plan and Its Implications
  • (32:17) - Legislation and ERC Claims Cutoff
  • (36:23) - Promoter Penalty Investigations
  • (45:29) - IRS Guidance and Retroactive Challenges
  • (49:36) - Future of ERC and Beneficial Ownership
  • (52:34) - Final Thoughts and Thanks for Listening

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with Hale Sheppard
https://www.linkedin.com/in/halesheppard
https://www.chamberlainlaw.com/people-hale_sheppard.html

Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

  continue reading

45 episodes

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