Expert ERC Audit Guidance & Representation
Facing an IRS audit for your ERC claim can be daunting. SaveMyERC specializes in addressing the complex issues of the Employee Retention Credit audit process, ensuring peace of mind and optimal outcomes for your business.
Why is the IRS Auditing ERC Claims?
The ERC program has delivered substantial financial aid to numerous businesses. However, the surge in ERC claims, fueled by aggressive advertising and sometimes misleading guidance, has also seen a rise in erroneous or fraudulent filings. This uptick in questionable claims has prompted the IRS to take a closer watch, with audits aimed at verifying the validity of these claims and ensuring that only eligible businesses benefit from the program.
What Does the IRS Expect During an Audit?
The inception of the IRS’s audit process for ERC claims is driven by a commitment to preserve the program’s integrity and safeguard public funds. Businesses under scrutiny are expected to provide detailed and accurate documentation that clearly demonstrates their eligibility and the correct application of ERC funds.
Some of the documents the IRS may request include:
Payroll Records
Employee Rosters
Gross Receipts
Time Sheets
Employment Tax Returns
Financial Statements