Amended Returns statute limitation due to ERC refund received???
View More DetailsHi,
I have several clients who are still waiting for ERC refunds. I had a friend call and say their client received a letter from the IRS saying that the 2020 amended returns (business and personal) were out of the statute and sent the individual their check back. I've seen another post with a similar issue. The response was tell the individual to enjoy their money. This doesn't feel right to me. I can't see the IRS issuing ERC refunds this late in the game and not intentionally extending the statute for the related business and personal returns.
Anyone have any guidance here?
Comments
See: https://www.caltax.com/forums/topic/irs-not-assessing-tax-for-amended-2020-tax-return/#post-456482.
Also remember legislation was enacted that did extend the SOL for ERC claims filed in the last half of 2021. There is no specific provision addressing ERC claims filed prior to this date.
Shannon, can you please contact me at sandyw@spidell.com
