Blackcat
Level 1
02-10-2022
10:42 PM
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sjrcpa
Level 15
02-11-2022
09:28 AM
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You're now claiming ERC for 2020 wages?
Yes you need to amend the 2020 return to reduce the wage expenses.
The more I know the more I don’t know.
Blackcat
Level 1
02-12-2022
03:59 PM
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Yes, amended 941 returns were prepared in 2021 for 2020. So, it doesn't matter whether they are cash or accrual basis? The returns must be amended on both for retroactively claiming ERC. Please verify that both basis of accounting are required to amend returns. Thank you.
sjrcpa
Level 15
02-12-2022
04:19 PM
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Yes amend 2020 whether cash or accrual.
The more I know the more I don’t know.