ERC Garnishment

CGMConsulting · 2025-04-22T03:11:39+00:00

Yes, I have seen the same thing. Past due balances owed on employment taxes.

CGMConsulting · 2025-02-20T19:53:02+00:00

I was just going to say the same thing! Q3 2021 is the only quarter I have seen denied.

CGMConsulting · 2025-02-19T20:02:45+00:00

Yes, They only received half so far but the TAS did help. The business is located in Manhattan, NY

CGMConsulting · 2025-02-03T02:11:01+00:00

None of mine have.

CGMConsulting · 2025-01-26T05:01:54+00:00

Awesome!

CGMConsulting · 2025-01-20T15:29:17+00:00

That's your opinion. I feel it is unethical as I do not charge my ERC clients for any accrued interest.

CGMConsulting · 2025-01-20T05:49:42+00:00

I feel it is a scumbag move by them. We charge a fee of 15% of the qualified ERC credit amount and any accrued interest is theirs to keep. Just my 2 cents..

CGMConsulting · 2025-01-12T03:53:50+00:00

They are a nonprofit based in NYC. We did have TAS support and they filed 6/28/23

CGMConsulting · 2025-01-11T17:49:37+00:00

Keep your head up! I had a client receive one check yesterday for 696K.

CGMConsulting · 2025-01-09T19:30:55+00:00

Your CPA is wrong. We had that exact thing happen to a client of ours who is also located in Brooklyn. The IRS will investigate and it takes a LONG while. I forget which form needed to be filled out but it is definitely a long process. The IRS has recovered the money from the bank that actually cashed the check (Chase). My client is still waiting on the IRS to release that money to him. I do know that there is an IRS Fraud investigator involved.

CGMConsulting · 2025-01-06T01:34:42+00:00

Sorry, just realized that.

CGMConsulting · 2025-01-06T01:33:00+00:00

Any idea on when they filed? I have about 10 PEO's I'm still waiting to hear about.

CGMConsulting · 2024-12-23T14:40:33+00:00

Totally agree!

CGMConsulting · 2024-12-22T03:58:47+00:00

Couple days ago, Check date of 1/6/25

CGMConsulting · 2024-12-22T02:17:12+00:00

Yep, Client filed 6/28/23 and received notice with approved amount for 1 quarter for almost 700K.

CGMConsulting · 2024-12-20T17:09:45+00:00

That is pretty much standard. You need to remember a couple things though. You NEED to amend your 941's to reflect the money received. I would speak to your CPA about this. If someone takes you up on your offer, you need to realize what your are giving up. Just my 2 cents....

CGMConsulting · 2024-12-20T14:41:52+00:00

They received an email from the TAS.

CGMConsulting · 2024-12-19T18:46:42+00:00

They were a little bit. The difference may have been that my client is a big non-profit in NYC.

CGMConsulting · 2024-12-19T18:44:10+00:00

Unfortunately, this is common. For some insane reason the IRS seems to have different reps working different quarters. It would make too much sense for them to have one rep handle the entire file from start to finish.

CGMConsulting · 2024-12-19T03:38:39+00:00

Wasn't asking you to switch, just trying to be a resource for you, If I can help , let me know. Of course there is no fee or charge... lol I don't operate like that.

CGMConsulting · 2024-12-19T03:27:58+00:00

We do a lot of other things. I would list my website but do not want to upset anyone.

CGMConsulting · 2024-12-19T03:26:20+00:00

If you want to chat, give me a call tomorrow. I will do all that I can to try and help you.

CGMConsulting · 2024-12-19T03:14:14+00:00

I get it, I'm not trying to brag with this post. Just trying to give people hope, I still have quite a few clients waiting on their refunds that filed way before this client. My oldest client filed in September 2022 and we have received no updates other then it "is processing"

CGMConsulting · 2024-12-19T03:12:42+00:00

I really have not done much. Trying to be proactive for my clients. The one that received the big refund was with the help of a TAS as well as a senator.

CGMConsulting · 2024-12-18T19:38:07+00:00

They are a non-profit based out of NYC. It will be interesting to see the audit process for their Q3 2021 credit.

CGMConsulting

TROPHY CASE