Best New York ERC Audit Lawyers?
Contents
- 1 Facing an ERC Audit? Don’t Panic, We’ve Got Your Back
- 2 Understanding the ERC Audit Process
- 3 Why You Need a Seasoned ERC Audit Lawyer
- 4 Preparing for Your ERC Audit: A Comprehensive Guide
- 5 The Spodek Law Group Advantage
- 6 Don’t Wait, Take Action Today
- 7 Frequently Asked Questions
- 8 What is the Employee Retention Credit (ERC)?
- 9 Why is the IRS auditing ERC claims?
- 10 How long does an ERC audit typically take?
- 11 What happens if the IRS disallows my ERC claim?
- 12 Can I represent myself during an ERC audit?
- 13 How much does it cost to hire an ERC audit lawyer?
- 14 What should I do if I receive an ERC audit notice?
- 15 Can Spodek Law Group help with other types of tax audits?
- 16 What makes Spodek Law Group different from other law firms?
Facing an ERC Audit? Don’t Panic, We’ve Got Your Back
Understanding the ERC Audit Process
First things first, let’s demystify the ERC audit process, shall we? The IRS will likely send you an audit notice to your last known address, so make sure your contact information is up-to-date. This notice will outline the type of audit, the issues being audited, and the next steps you need to take.There are three main types of ERC audits:
- Correspondence Audit: This is the most common and least invasive type of audit. The IRS will request specific documents related to your ERC claim, and you’ll handle most of the process through the mail. Simple, right?
- Desk Audit: Here, you’ll set up a phone or video meeting with the auditor, during which you’ll discuss the documents you’ve provided and address any questions or concerns they may have. It’s like a virtual sit-down with the IRS, but you get to do it from the comfort of your own office (or couch, we don’t judge).
- Field Audit: This is the big kahuna, the one you really don’t want to deal with on your own. An IRS auditor will physically visit your place of business to conduct an on-site examination of your operations, financial records, and documentation. It’s like having the IRS move in with you for a while, but without the fun movie nights or shared snacks.
Now, here’s the thing, while field audits are mostly rare for ERC claims, they can happen, especially if your case is particularly complex or involves a substantial credit amount. But, don’t worry, we’ve got your back, no matter which type of audit you’re facing.
Why You Need a Seasoned ERC Audit Lawyer
Look, we get it, you’re probably thinking, “I’ve got this, I’ll just handle the audit myself.” But, here’s the thing, ERC audits are no walk in the park, and the IRS isn’t exactly known for being a pushover. You need someone in your corner who knows the ins and outs of the ERC program, the audit process, and how to navigate the complex web of IRS regulations and guidelines.At Spodek Law Group, we’re not just any lawyers, we’re ERC audit experts. 1 We’ve been in the trenches, fighting for our clients’ rights and ensuring they get the best possible outcome. We understand the nuances of the ERC program, the documentation required, and the strategies that work best when dealing with the IRS.
Preparing for Your ERC Audit: A Comprehensive Guide
Now, let’s get down to brass tacks, shall we? Preparation is key when facing an ERC audit, and we’re here to walk you through every step of the process.
- Gather Documentation: This is where it all starts. You’ll need to collect and organize all relevant documents, including payroll records, financial statements, tax returns, and any other documents supporting your ERC claim. 3 Don’t worry, we’ll help you identify exactly what you need and ensure everything is in order.
- Review Eligibility: Next, we’ll carefully review the eligibility criteria for the ERC program to ensure that your company meets all the necessary requirements. 3 Trust us, you don’t want to go into an audit without being 100% certain you were eligible for the credit in the first place.
- Compliance Check: We’ll conduct a thorough internal compliance check to verify that you followed the ERC statutory framework and IRS guidance to the letter. 3 This will help us identify any potential issues or discrepancies before the auditor does.
- Expert Guidance: Throughout the entire process, you’ll have access to our team of tax professionals and legal experts, who will guide you through the complex ERC rules and IRS audit procedures. 3 We’ll be there every step of the way, answering your questions, addressing your concerns, and ensuring you’re fully prepared for whatever the audit throws your way.
But, that’s not all, we’ll also help you develop a comprehensive strategy for dealing with the auditor, ensuring you present your case in the most favorable light possible. 3 We’ll coach you on how to communicate effectively, how to address potential issues or discrepancies, and how to negotiate with the IRS if necessary.
The Spodek Law Group Advantage
Now, you might be wondering, “Why should I choose Spodek Law Group over any other law firm?” Well, let us tell you:
- Nationwide Presence: We’re not just a local firm, we handle cases nationwide, with offices in NYC and Los Angeles. 1 No matter where you’re located, we’ve got you covered.
- White Glove Service: At Spodek Law Group, we believe in providing our clients with the highest level of customer service and personalized attention. 2 We treat each and every client like a member of our family, because your success is our success.
- Unparalleled Expertise: Our team of attorneys has over 50 years of combined experience handling legal situations, both nationwide and internationally. 1 We’ve seen it all, and we know how to navigate even the most complex cases with ease.
- Media Recognition: Our founding partner, Todd Spodek, is a seasoned trial attorney who has been featured on major news outlets like the New York Post, Newsweek, Fox 5 New York, and more. 1 He’s a recognized legal expert, and his reputation precedes him.
- Cutting-Edge Technology: We’re not stuck in the past, we embrace the latest technology to provide our clients with a fully digital portal, allowing you to track the progress of your case, communicate with us, and submit documents with ease. 1
- Selective Client Base: We’re not like other law firms that take on every client who can pay. 1 We’re selective about the clients we work with, ensuring we only take on cases where we can truly make a difference and get you the best possible outcome.
- Transparency and Honesty: At Spodek Law Group, we believe in open dialogue and full transparency. 1 We’ll never sugarcoat the situation or make empty promises. We’ll give you an honest assessment of your case and what you can expect, so you can make informed decisions about your future.
Don’t Wait, Take Action Today
Look, we get it, facing an ERC audit can be a daunting and stressful experience, but you don’t have to go through it alone. 3 At Spodek Law Group, we’re here to be your partners, your advocates, and your warriors in this battle against the IRS.So, what are you waiting for? Take the first step towards protecting your rights and your business by scheduling a risk-free consultation with our team today. 1 During this consultation, you can ask us anything, regardless of how long it takes, and we’ll give you an honest assessment of your case and the best course of action moving forward. Remember, the IRS has vast resources at its disposal, but with Spodek Law Group in your corner, you’ll have a team of seasoned professionals fighting for you every step of the way. 1 Don’t let the IRS intimidate you, take control of your situation and let us help you navigate this process with confidence and expertise.It’s time to stop worrying and start taking action. Contact us today, and let’s get to work on securing the best possible outcome for your ERC audit. 1
Frequently Asked Questions
What is the Employee Retention Credit (ERC)?
The Employee Retention Credit (ERC) was a tax credit introduced as part of the CARES Act in 2020, designed to provide financial relief to businesses impacted by the COVID-19 pandemic. 3 Eligible employers could claim a refundable tax credit against a portion of the qualified wages paid to their employees during the pandemic.
Why is the IRS auditing ERC claims?
The IRS has identified the ERC as a high-risk area for potential abuse or errors, which is why they’ve dedicated significant resources to auditing ERC claims. 3 They want to ensure that businesses claiming the credit were eligible and followed all the necessary rules and regulations.
How long does an ERC audit typically take?
The duration of an ERC audit can vary depending on the complexity of your case and the type of audit you’re facing. 3 Correspondence audits tend to be the quickest, while field audits can take several months or even longer to complete.
What happens if the IRS disallows my ERC claim?
If the IRS disallows your ERC claim after the audit, you may be required to repay the credit amount, along with potential interest and penalties. 3 However, with the help of an experienced ERC audit lawyer like those at Spodek Law Group, you can appeal the decision and fight for your rights.
Can I represent myself during an ERC audit?
While you technically can represent yourself during an ERC audit, it’s generally not recommended, especially if you’re facing a complex case or a field audit. 3 ERC audits can be intricate and involve a deep understanding of tax laws and regulations, which is why having an experienced legal team on your side can make a significant difference in the outcome.
How much does it cost to hire an ERC audit lawyer?
The cost of hiring an ERC audit lawyer can vary depending on the law firm, the complexity of your case, and the scope of services required. 3 At Spodek Law Group, we offer transparent pricing and work closely with our clients to ensure they understand the costs involved upfront.
What should I do if I receive an ERC audit notice?
If you receive an ERC audit notice, the first step is to remain calm and seek professional legal assistance as soon as possible. 3 Contact Spodek Law Group, and we’ll guide you through the entire process, ensuring you’re fully prepared and represented throughout the audit.
Can Spodek Law Group help with other types of tax audits?
Absolutely! While we specialize in ERC audits, our team of tax professionals and legal experts has extensive experience handling various types of tax audits and disputes. 1 Whether you’re facing an income tax audit, a payroll tax audit, or any other tax-related issue, we’re here to help.
What makes Spodek Law Group different from other law firms?
At Spodek Law Group, we pride ourselves on our unwavering commitment to our clients, our unparalleled expertise, and our dedication to providing the highest level of customer service. 1 We’re not just another law firm; we’re a team of warriors who will fight tirelessly to protect your rights and ensure the best possible outcome for your case.Don’t let an ERC audit catch you off guard. Contact Spodek Law Group today, and let us be your trusted partners in navigating this complex process. 1 Together, we’ll ensure your rights are protected, and your business emerges from this challenge stronger than ever before.1 2