When an amended tax return say 2020 due to ERTC is filed and the taxpayor is charged interest is there an abatement of the interest due to reasonable cause?
Thanks Tom, if the cpa did not prepare the claim for ertc credit nor the amended 941s but now taxpayers wants the cpa to amend the 2020/2021 tax returns to report credit. What would be the responsibility for the cpa on the amended return? A full review of the ertc claims for eligibility and recomputing the claims prepared by the third party?
Tom Talks Taxes - June 14, 2023
thanks
Hi Tom,
When an amended tax return say 2020 due to ERTC is filed and the taxpayor is charged interest is there an abatement of the interest due to reasonable cause?
Thanks Tom, if the cpa did not prepare the claim for ertc credit nor the amended 941s but now taxpayers wants the cpa to amend the 2020/2021 tax returns to report credit. What would be the responsibility for the cpa on the amended return? A full review of the ertc claims for eligibility and recomputing the claims prepared by the third party?