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- ERC issue for 2023 retained earnings
ERC issue for 2023 retained earnings
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judys3
Level 5
07-24-2024
02:53 PM
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Good afternoon. I need assistance. I do not know how to properly fix this on the tax return itself
I have an S-corp that received ERC monies in 2023 for 2020 & 2021 tax years. Those years have been amended to pay taxes due. Of course the tax year 2022 had already been filed and the Retained Earnings figure on that return is wrong do to the reduction of payroll expenses.
How do y'all suggest I fix this? Can I just override the figure on 2023? 😞
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