Nicholas Pantaleo, CPA

@jckristoff @danchodan @kylejohnsoncpa Yes, this is now fixed, our team was on the phone with IRS when it went back up, glad to see it!

@NickPan31 @danchodan @kylejohnsoncpa I currently see it - can't confirm if it wasn't there earlier though

@danchodan @kylejohnsoncpa I replied to their main post with a screenshot of the page and we have our team trying to get answers on the phone or alternative solutions, I'll let you know if we have any luck. We had 1 last client left, of course.

@kylejohnsoncpa I have heard this from multiple people now.

@IRSnews Your webpage for submitting the ERC VDP applications as of today no longer lists the forms for the VDP if you type "15434" per instructions, is this going to be fixed for us to be able to submit client forms today or submit another way?

The #IRS is giving employers until today, March 22, to correct improper Employee Retention Credit claims. Read about several warning signs for a bad claim here: ow.ly/B7CB50QZ5Bj

@MikeSyl36625988 We offer free CPE each month with a webinar and also run the Bridging The Gap conference with a focus on some topics you mentioned in comments. Can find information on both on our website tri-merit.com.

I need to get better CPE this year. I try to sign up for good CPE; however, I am really disappointed in most of the CPE I have taken in the last few years. If you know of really good CPE, please DM me or put it in the comments if you would. I am also thinking about hitting a conference in 2024. Which conferences do you get the most out of? #cpa #cpe #conference #aicpa #tax #ea #Accounting

The IRS has denied ERC claims of $2.6M for a California urgent care center coving all six possible quarters. The rationale for the denial appears in a new court filing. We also receive a bonus ERC denial document for a separate business - and it's a long-expected APA lawsuit.

The moratorium on ERC is live from the IRS, and if you read closely, a claim may not be as simple as filing a 941-X moving forward. This would be a welcome change and put an immediate stop to the fraud if required on every filing. @danchodan thoughts? #ERC

@danchodan This! We still see them, had a client call yesterday with a 29% drop Q4 2020 which qualified them Q1 2021 with alternate quarter rule, they had no idea. Please don’t write off ERC in full as a scam because of the bad actors out there.

Don't let the IRS scare you! File EVERY valid ERC you can. The best thing a tax pro can do is force themselves to consider this for every client - with a workpaper. 20% drops in 2021 are hiding in plain sight. Here is what I've shared before to start: twitter.com/danchodan/stat…

@danchodan Have to imagine they will put an early stop to 2021 at least. I wouldn’t be shocked to see April 15, 2024 deadline for both years come to fruition.

IRS is up to something with ERC. Been hearing about this - even a full stop roughly sonce the flurry of activity a month back. Will be curious to know what changes will come.

@LorilynWilson Ramp has been great for us.

#taxtwitter what are we liking to use for employee cc's?

@danchodan Confirms exactly what we thought in conversations. This is less of a memo and more of a warning I’d say given it’s prevalent use among mills.

🚨 New ERC guidance from IRS🚨 Supply chain arguments are addressed with examples and analysis. Confirms this area is VERY narrow and not the free-for-all many would have you believe.

@bhallcpa We’re on our way to Disney now, definitely agree with all your points. There’s no place that entertains kids like Disney.

Disney is one of my favorite places to take my kids. The characters provide endless entertainment. Tons of rides and activities for them to enjoy. We always buy the $40 balloons. And it's healthy (30k+ steps daily). Disney creates magical memories.

@danchodan The amount of times we’ve had to answer the question “well how come they told me I qualify for all 6 quarters, but you say I don’t at all?” I think is enough to say this is fraud…

It's tax fraud

For tax pros, what happened yesterday may be the most significant profession-shifting event in decades OpenAI created a wave that is bigger than any of us, whether we agree with it or not Some thoughts on how best to navigate the coming months 👇

The first ERC fraud indictment was just issued from a grand jury on Feb 1st. But don’t start celebrating yet. These were not the folks calling about your $26k per employee. This scheme was over before most “ERC mills” even began. No, this thread is about owner wage fraud. 1/

I had @danchodan @RavenousTiger and @NickPan31 join me on the latest episode of @TheUniqueCPA podcast to try and help dig through the weeds of all the misinformation and craziness out there on ERC. tri-merit.com/podcast/erc-ro… #TaxTwitter

@danchodan @WithumCPA Did you see that ERC commercial that aired on Monday Night Football? It was everything you’d think it would be. Just the beginning of the fallout I’d guess.

Someone needs to thank the team over @WithumCPA for all the great coverage of ERC problems. They were among the few raising awareness early on and continue to provide great updates. Sounds to me like good folks who should be on #TaxTwitter!

🚨 IRS is pulling 90% of exam staff to focus on audits of the Employee Retention Credit. 🚨 The pilot program took place in Jul/Aug resulting in big dollars assessed. Now workloads have already been assigned and await agent training to be completed in Oct/Nov. It's happening.

Live podcast broadcast for the Unique CPA going on now. #taxtwitter youtu.be/lnvjQfrd_0Q

If you can’t be with us at The Beer Temple tonight, grab a drink and join us live on YouTube. Based on the pregame party last night, tonight should be a lot of fun. @AllanDKoltin @dawnbrolin @scottscarano @TheTechCPA @BlakeTOliver @kenjikuramoto @lancejd1

@danchodan We received a voicemail yesterday that they “have determined we now qualify and will mark in our file pending status as they have the calculations ready to go at $26,000 per employee”. Good research on their part I guess 🤷🏻‍♂️ 😂

These are getting out of hand. Here is the cold email. Email subject: "Company ABC Inc. now qualifies for the CARES Act Employee Retention Credits."