Navigating Tax Law with Dan Chodan

The “ERC Nerds” unite on Episode 78 of The Unique CPA, as Dan Chodan of Trout CPA joins Randy Crabtree to discuss the multifaceted nature of the ERC. They most especially get into the confusion surrounding this program being administered by the IRS, as well as going over some common areas where the confusion seems to be hitting the most. They also talk about a number of “horror stories” they have encountered, many of which have been perpetrated by pop-up tax shops looking to make a quick buck off the “ERC frenzy.”

Important Links

Dan Chodan on LinkedIn

Dan Chodan on Twitter

Trout CPA

Think Outside the Tax Box

About the Guest

Portrait of Dan ChodanDan Chodan is a partner at Trout CPA in Pennsylvania, having joined the firm in 2013. He currently serves on the firm’s Auto Dealerships and Manufacturing Practice Groups, but is likely better known for his high level of expertise on the Paycheck Protection Program and Employee Retention Credits that were introduced as part of Covid relief legislation in 2020 and 2021.

Dan handles all aspects of tax planning and preparation services, including monthly close consulting, year-end planning, and financial statement and tax return preparation.

He graduated magna cum laude from Maranatha Baptist University with a Bachelor of Science degree in Accounting. In his free time, Dan enjoys traveling and attending community events with his wife and two children.

Meet the Host

Randy Crabtree, CPA

Randy Crabtree

Randy Crabtree, co-founder and partner of Tri-Merit Specialty Tax Professionals, is a widely followed author, lecturer and podcast host for the accounting profession.

Since 2019, he has hosted the “The Unique CPA,” podcast, which ranks among the world’s 5% most popular programs (Source: Listen Score). You can find articles from Randy in Accounting Today’s Voices column, the AICPA Tax Adviser (Tax-saving opportunities for the housing and construction industries) and he is a regular presenter at conferences and virtual training events hosted by CPAmerica, Prime Global, Leading Edge Alliance (LEA), Allinial Global and several state CPA societies. Crabtree also provides continuing professional education to top 100 CPA firms across the country.

Schaumburg, Illinois-based Tri-Merit is a niche professional services firm that specializes in helping CPAs and their clients benefit from R&D tax credits, cost segregation, the energy efficient commercial buildings deduction (179D), the energy efficient home credit (45L) and the employee retention credit (ERC).

Prior to joining Tri-Merit, Crabtree was managing partner of a CPA firm in the greater Chicago area. He has more than 30 years of public accounting and tax consulting experience in a wide variety of industries, and has worked closely with top executives to help them optimize their tax planning strategies.