In response to the cascading ERC claims, the IRS is conducting audits on some credits that have already been received. If you’re one of the businesses being audited, ensuring that your original filing was within the letter of the law is advised, which is where leveraging one of our ERC tax attorneys in Chicago can help. Audits are stressful, which makes having professional legal guidance invaluable.
ERC TAX ATTORNEYS IN ILLINOIS HELPING INDIVIDUALS FIX ILLEGITIMATE CLAIMS
If you’re concerned that you’re at risk of being audited or that your filing may not be legitimate, we’re on your side and here to help. Our firm has access to important information through the IRS, which allows us to identify claims that have been flagged for audits. Getting a jump on the situation helps foster effective problem solving that is specific to your unique circumstances.
Each of our clients for whom we filed ERC claims also receives an opinion letter that outlines our professional take on their claim. This amounts to audit insurance that helps shield our clients from risk. We know how the IRS operates, and our opinion letters are strong proactive measures that afford clients the peace of mind they’re looking for.
Our thorough working knowledge of the ERC process informs the work we do for each individual client and makes our services especially beneficial. Our knowledge base and practice is predicated on federal tax law. This leaves our ERC attorneys in Chicago well suited to help large and small businesses in Illinois obtain ERC benefits.
The ERC passed in 2020 as part of the CARES Act, and while the credit didn’t get a lot of attention right out of the gate, many business owners have taken advantage of it since – often in response to advertising blasts from scam companies or companies with little to no experience handling complex tax matters like the ERC.
These companies have a tendency to proclaim their experience and expertise, but the bottom line is that the ERC is a federal tax credit. As such, only seasoned tax attorneys have the breadth of experience and legal finesse to help you obtain the full credit to which you’re entitled while also offering professional audit protection.
The U.S. government has already taken a financial hit of over $100 billion dollars in relation to iffy ERC credits, and they’re prepared to take swift action against all improperly claimed credits. Those companies out there that are taking advantage of business owners who aren’t clear on the legalities involved or that are taking advantage of the credit itself have been put on notice, but many show no signs of slowing down.
The IRS has published many notices warning businesses not to turn to scam or otherwise insufficient ERC filing services. The way these less-than-forthright companies generate profits is by charging large fees upfront or by employing a contingency fee that is based on the credit amount received. The IRS is on the record as not only actively auditing suspicious claims but also conducting criminal investigations in relation to fraudulence.
The law is clear – tax payers have a non-negotiable responsibility to only include factual information on their tax filings. Ineligible businesses that claim the ERC credit anyway can face serious penalties and interest – in addition to being required to repay the credit.
If you have concerns about your ERC filing, it’s important to first consider whether or not you filed properly. The fact that the IRS processed your ERC claim and sent you a refund does not mean that there can’t be problems afoot. That is what audits are for.
If you’re concerned that you may have relied on an ERC filing company that wasn’t legitimate, re-evaluating your credit makes sense. Reaching out for the skilled legal guidance of a trusted ERC tax attorney in Chicago is one of the most important first steps you can take.
The first order of business if you have concerns about your ERC filing is taking the matter seriously. The IRS is extremely powerful, and they mean business. If your claim can’t stand up to an audit, you could be facing immense penalties and fines that could derail your business. The best advice we can give you is to take a deep breath, refrain from panicking, and give us a call – in pursuit of the professional legal guidance that can make a considerable difference in the outcome of your audit. Once you have a carefully considered strategy in place, you’ll be far better prepared to face the audit from a position of protection that can help mitigate any associated damage.
You've received a strongly worded letter from the IRS, and you wouldn’t be human if it didn’t inspire some healthy fear in you. Now, however, is not the time to call the IRS and backtrack. Yes, your claim may have been in error, but that remains to be seen, and blabbing about it at this juncture amounts to an admission of guilt. Returning stolen merchandise doesn’t negate the crime of theft, and attempting to return a tax benefit that you weren’t entitled to is equally ineffectual. The best path forward requires smooth and steady strategizing. Contacting the company that shoddily filed your ERC claim in the first place is unlikely to resolve your concerns. They have their own profits and their own best interests to consider, which doesn’t translate to protecting you in the face of an audit.
While CPAs are great at filing taxes and keeping you timely and compliant with the IRS, they generally don’t address payroll issues, which the ERC is based upon. Further, they don’t have the legal background necessary to zealously defend you and fiercely advocate for your rights in response to an audit. Ultimately, your CPA is likely to recommend that you hire legal representation, which makes cutting to the chase by consulting with an ERC attorney in Illinois early in the process the best policy. You’re looking for a professional who is comfortable in both the tax and the legal arena, and an accomplished ERC tax attorney fits the bill.
We will aggressively work to defend and protect your interests
Facing down the IRS can be intimidating, but when you have Brotman Law in your corner, it inspires confidence. Our imposing track record of skillfully protecting our clients’ rights and best interests precedes us. Tax complications require the caliber of insightful legal strategies that only an esteemed tax attorney can offer.
We recognize that your situation is unique to you and the circumstances involved, and we’ll tailor our legal guidance specifically to you and your needs. To effectively defend you against an audit, we’re called upon to provide individualized legal guidance, and we deliver!
Regardless of how challenging your Chicago or Illinois audit case is and regardless of how complex it becomes, we dedicate our practice to tirelessly representing you and your best interests – in pursuit of a beneficial resolution that supports your rights. We boast an impressive array of wins, and we look forward to you joining that lineup.
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