Expert ERC Audit Guidance, Representation, & Claim Monitoring
Navigating an IRS audit for your ERC claim can be overwhelming. SaveMyERC specializes in handling the intricate challenges of the Employee Retention Credit audit process, offering unparalleled support and peace of mind. With the addition of our ERC Claim Monitoring service, we keep you informed every step of the way.
Why is the IRS Auditing ERC Claims?
The Employee Retention Credit (ERC) program has provided critical financial relief to businesses nationwide. However, the rise in claims—often driven by aggressive marketing and sometimes misleading information—has led to an increase in erroneous or fraudulent submissions. As a result, the IRS is scrutinizing ERC filings through audits to ensure that only eligible businesses receive these benefits.
What Does the IRS Expect During an Audit?
The IRS’s audit process aims to uphold the integrity of the ERC program by preventing improper claims. Businesses undergoing audits must provide precise and thorough documentation to validate their eligibility and demonstrate 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