Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- ERC tax credit
ERC tax credit
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Brainstrom
Level 4
02-20-2023
11:21 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
1.Client received the ERC tax credit monies in 2022, I understand that we need to amend 2021 tax return because the credit was for payroll tax in 2021. Is there a specific form for this adjustment, similar to the PPP loan. Or is it just a balance sheet adjustment reducing the payroll and Accounts Receivable.
2.If your client is a Schedule C on a 1040 and the balance sheet is not used, just reduce wages?
This is so unclear, Thank you
Labels
2 Comments 2
qbteachmt
Level 15
02-20-2023
02:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I found this specific article:
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
