Description:

In mid-September, the IRS announced a moratorium on processing new employee retention credit (ERC) claims through at least December 31, 2023. Tax professionals and businesses should welcome this change, as the program has been overrun with wrongful claims (up to 95% wrongful claims recently, according to the IRS).

With this action, tax pros and businesses may think ERC is dead, or be afraid of putting in claims. One thing to be clear on is, the program is still active. And, a legitimate claim is not a scam. There’s no reason for a business that legitimately qualifies to not apply.

This webinar provides details of the history of the ERC, who qualifies and what you can do now to help small businesses take advantage of what might be a substantial cash refund from the IRS.

This webinar is kept “up-to-the-minute,” so anything new that comes along will be a part of the presentation.

Session Highlights:

• To describe the impact of the IRS moratorium on processing new ERC claims.
• To evaluate and apply the IRS’s perspective on supply chain disruptions as a qualifier.
• To analyze the 3 ways to qualify for ERC.
• To define what “wages” are for ERC purposes.
• To discuss the basics of the aggregation rules.
• To evaluate the impact of ERC on income tax returns.
• MORE – anything new with ERC will be discussed as well!

Who Should Attend:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

Speaker Profile:

Jason Dinesen (EA, LPA)

Jason Dinesen (EA, LPA) is a tax nerd,entrepreneur, tax expert and a well-known presenter of continuing education courses. Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.

He has presented over dozens of webinars on Form 1099 (for 10 years on this subject!); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.

He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.

Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa.

Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 4 cats and 2 dogs. His other hobbies include being a season ticket holder to University of Iowa football.