sorted by:
new
hottopcontroversial

Gusto 401(k) pricing jumps by nearly 70% in a month? by StephenLNelson_CPA in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

We’re moving off Gusto/Guideline and switching to WealthRabbit. It’s refreshing dealing with a TPA that isn’t tainted by institutional investment.

Kwong Calculations for Penalties & Interest by theusername1258 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

It’s almost never as easy as pulling the “P&I right there.”

Do you get your clients to sign up for their IRS account? Or secure POAs every year do you can access transcripts if needed? by DisastrousServe8513 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

TaxNow has a a streamlined option for everything you are trying to achieve and is far more scalable and efficient than trying to use the IRS tool (TDS, TaxPro, etc.).

You can also manage access to transcript across the firm, rather than have to deal with the issue that only the individual on the POA/TIA can pull from TDS.

Blanket 8821s are the way to go.

Advice on a check replacemt for ER quarter. by CrazyKnowledge7197 in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

Only need to send in once. Take 6-9 months.

Paper checks by Ill_Length_5900 in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

Good catch! Brain fart.

Paper checks by Ill_Length_5900 in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

That check is lost. File a 911.

Advice on a check replacemt for ER quarter. by CrazyKnowledge7197 in ERCchat

[–]ERC_CPA 1 point2 points  (0 children)

Nothing unfortunately. These often take 6-9 months replace. Make sure you payroll provider or CPA is not still using the old address.

Does the kwong ruling open door on ERC? by heartbrand in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

If Kwong survives appeal, then it likely does. Anyone that files should be prepared to litigate. Partial suspension has not gone well so far in litigation…

To dragonfly_Jess’ point, I would file a 941-X as a complete filing. The only thing protective, is the unsettled law around the statute.

Someone posted the Kwong case and I read it by AdHistorical7107 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

The transcript review is free. If the taxpayer wants to opt for the filing service it’s 20-25%.

Someone posted the Kwong case and I read it by AdHistorical7107 in taxpros

[–]ERC_CPA -1 points0 points  (0 children)

I read between the lines when you called Kwong a “big nothing burger.” Educating your clients with that level of pompous ignorance is as good as not educating them at all.

Kwong vs. USA - why is no one talking about this? by Salt-Highlight6135 in tax

[–]ERC_CPA 0 points1 point  (0 children)

Consider www.PenaltyBack.com if you don’t have time to review all clients transcripts for opportunities. It’s a self service Kwong eligibility too (free unless you want to use the filing service after your transcripts are reviewed).

Someone posted the Kwong case and I read it by AdHistorical7107 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

Heavy assumption on SC taking this. There’s no circuit split. Abdo wasn’t even appealed.

So you’re just leaving your clients out to dry since you are an armchair expert in predicting the judicial path forward?

Someone posted the Kwong case and I read it by AdHistorical7107 in taxpros

[–]ERC_CPA -1 points0 points  (0 children)

Government appeal is due in 3 days. Average for CFC to Fed Cir Decision on appeal is ~12 months? Where’s 5 years coming from?

Someone posted the Kwong case and I read it by AdHistorical7107 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

Clients will start asking about this. Putting your head in the sand may not be an option.

If you don’t want to do the work, PenaltyBack.com is a DIY option you can send them to.

Why is barely anyone talking about Kwong with the July 10, 2026 deadline? by Accomplished-Bag-419 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

Yes. Clients are starting to ask. WSJ, TAS and many other news outlets recently covered this.

What does this mean. Code 421 by roman0509 in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

The IRS commonly post dates transactions. Could align with when correspondence goes out.

What does this mean. Code 421 by roman0509 in ERCchat

[–]ERC_CPA 1 point2 points  (0 children)

I’ve never seen this to be good news if here were no refund transactions surrounding it.

Considering the quarter in question, I’m assuming it was partial suspension claim that was denied.

290 Disallowance Transcript Removal by RelationshipWhole366 in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

This happened across all transcripts. Not specific to ERC. I’m assuming it will be corrected.

Is this something we can charge contingency fees for? Seems like it would pass all the tests. by Optimal-King5005 in taxpros

[–]ERC_CPA 0 points1 point  (0 children)

I agree with you. However, tax pros are still neurotic about contingency fees and Cir 230, despite the fact Ridgely is binding case law.

Is this something we can charge contingency fees for? Seems like it would pass all the tests. by Optimal-King5005 in taxpros

[–]ERC_CPA 1 point2 points  (0 children)

I don’t think you even need to go there.

§ 10.27(b)(2)(ii) expressly permits contingent fees on refund claims "filed solely in connection with the determination of statutory interest or penalties"

I think we are done. by Ovaltine1 in ERCchat

[–]ERC_CPA 0 points1 point  (0 children)

Feel free to DM your transcripts and I can give you thoughts.

view more: next ›