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Roger Testifies to Congress About ERTC

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Manage episode 377391400 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.

In this bonus episode of Federal Tax Updates, co-host Roger Harris provides witness testimony to the United States House Committee on Ways and Means Oversight Subcommittee Hearing on the Employee Retention Tax Credit Experience: Confusion, Delays, and Fraud. Roger and other tax experts break down the issues small businesses and tax professionals have faced in claiming this credit, including long delays, confusing guidance from the IRS, and fraud by bad actors. These witnesses also discuss potential solutions and their experiences working with small business owners struggling to receive ERTC funds to which they are entitled. The full audio of this hearing provides an illuminating look at the policy and administrative hurdles impacting this important pandemic tax relief program.

Chapters

  • (00:00) - FTU Bonus
  • (23:54) - Roger introduces himself to Congress
  • (42:17) - Roger speaks about the ERTC backlog
  • (01:11:06) - Small businesses have been trapped
  • (01:17:39) - Roger expresses need for clear and permanent guidance
  • (01:20:40) - How fraudulent applications impact small businesses that unknowingly worked with ERTC mills
  • (01:28:12) - IRS needs technology
  • (01:37:09) - Number of ERTC claims waiting to be processed
  • (01:39:17) - How to stop the bad actors
  • (01:41:49) - How to help small businesses that have been scammed
  • (01:53:26) - Three types of ERTC fraud

Links
YouTube Video of Hearing: https://www.youtube.com/watch?v=yotrB5DtdGA

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

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

  continue reading

41 episodes

Artwork
iconShare
 
Manage episode 377391400 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.

In this bonus episode of Federal Tax Updates, co-host Roger Harris provides witness testimony to the United States House Committee on Ways and Means Oversight Subcommittee Hearing on the Employee Retention Tax Credit Experience: Confusion, Delays, and Fraud. Roger and other tax experts break down the issues small businesses and tax professionals have faced in claiming this credit, including long delays, confusing guidance from the IRS, and fraud by bad actors. These witnesses also discuss potential solutions and their experiences working with small business owners struggling to receive ERTC funds to which they are entitled. The full audio of this hearing provides an illuminating look at the policy and administrative hurdles impacting this important pandemic tax relief program.

Chapters

  • (00:00) - FTU Bonus
  • (23:54) - Roger introduces himself to Congress
  • (42:17) - Roger speaks about the ERTC backlog
  • (01:11:06) - Small businesses have been trapped
  • (01:17:39) - Roger expresses need for clear and permanent guidance
  • (01:20:40) - How fraudulent applications impact small businesses that unknowingly worked with ERTC mills
  • (01:28:12) - IRS needs technology
  • (01:37:09) - Number of ERTC claims waiting to be processed
  • (01:39:17) - How to stop the bad actors
  • (01:41:49) - How to help small businesses that have been scammed
  • (01:53:26) - Three types of ERTC fraud

Links
YouTube Video of Hearing: https://www.youtube.com/watch?v=yotrB5DtdGA

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

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

  continue reading

41 episodes

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