Do You Need an ERC Audit Representative?
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Do You Need an ERC Audit Representative?
The Rising Tide of ERC Audits
The Employee Retention Credit (ERC) was a lifeline for businesses during the COVID-19 pandemic, but, as the dust settles – the IRS is cracking down. With thousands of audits already underway, and more on the horizon, facing an ERC examination alone is a risky proposition. So, what do you do, if you get hit – with one of these things?
Understanding the ERC Audit Process
First, let’s demystify what an ERC audit actually entails. The IRS initiates the process by sending an Information Document Request (IDR) – essentially, a checklist of records you’ll need to substantiate your claim. This could include payroll data, financial statements, documentation of COVID impacts – the whole nine yards. From there, the audit unfolds through correspondence, phone calls, or even in-person meetings with an IRS agent. The IRS has trained a specialized team laser-focused on scrutinizing ERC cases, so you can expect an exhaustive review.
Why You Need Representation
Navigating an ERC audit is a legal minefield – one misstep, and you could face repayment demands, interest charges, even penalties. That’s why having an experienced tax professional in your corner is absolutely crucial. But, we’re not just talking about your run-of-the-mill accountant here. You need a tax litigation attorney – someone who understands the intricacies of the ERC, can effectively communicate with the IRS, and, if necessary, take your case all the way to the United States Tax Court.
An attorney levels the playing field, protecting your rights and giving you the best chance at a favorable outcome.
Choosing the Right Representative
Of course, not all representatives are created equal. When selecting an ERC audit attorney, look for a few key qualities:
- Proven ERC Expertise: This isn’t the time for on-the-job training. You want someone who has been in the ERC trenches from day one, with an intimate understanding of the ever-evolving guidance.
- Tax Litigation Experience: An audit is essentially a legal proceeding. Your representative needs to be well-versed in tax law, IRS procedures, and courtroom advocacy.
- Availability and Responsiveness: An ERC audit can move quickly. You need a representative who is accessible, communicative, and ready to act on a moment’s notice.
- Attention to Detail: With so much riding on documentation, your attorney must have a meticulous approach to record-keeping and evidence presentation.
At Spodek Law Group, we check all those boxes – and then some. Our team has been at the forefront of ERC advocacy since the credit’s inception, guiding clients through every twist and turn. We’re not just attorneys – we’re ERC experts.
The Spodek Law Group Difference
But, what truly sets us apart is our unwavering commitment to client service. It’s simple. Every single client deserves honesty and white glove service. Every single client should know what he, or she, potentially faces – and have a fighter in their corner. We take a hands-on approach, researching every intimate detail of your case. Our work ethic is unmatched, with a full team available for emergencies. And, we foster an environment of open dialogue – because transparency is key to developing a winning strategy.
Hiring Spodek Law Group means taking your future seriously. It means choosing a top-rated firm with a reputation for results. We handle cases nationwide, from our offices in New York City and Los Angeles.
So, do you need an ERC audit representative? Absolutely. But, more importantly – you need the right one. You need a team that will leave no stone unturned in pursuit of the best possible outcome. You need the white glove service and elite expertise of Spodek Law Group.Don’t go it alone. Protect yourself, and your business. Contact us today for a risk-free consultation.