I'm wondering if ERC money is still accessible or if it has been discontinued. I need to know if I can still use or withdraw ERC funds.
7 answers
Federica
Tue Nov 12 2024
The deadline for amending payroll tax returns (Form 941-X) for the year 2021 is April 15, 2021.
SumoMight
Tue Nov 12 2024
This statutory limitation, known as the statute of limitations (SOL), marks the final opportunity for employers to make corrections to their tax filings for that specific period.
Ilaria
Tue Nov 12 2024
Additionally, the Employee Retention Credit (ERC) program will also conclude on April 15, 2021.
Michele
Tue Nov 12 2024
The ERC was introduced as a financial incentive for businesses to retain their employees during the COVID-19 pandemic.
GeishaGrace
Mon Nov 11 2024
Initially, legislators intended to terminate the ERC earlier, specifically on January 31, 2021.