(800) 624-1076
INFO@TRI-MERIT.COM
Members Page
(800) 624-1076
INFO@TRI-MERIT.COM
Members Page

Employee Retention Credit (ERC) Verification

Employee Retention Credit (ERC) Verification

The ERC Verification Process

  • Initial Call: Tri-Merit’s team learns about your business and conducts a preliminary qualification assessment.
  • Information Gathering: They collect relevant details regarding impacted business areas, mandates, and operational specifics, such as gross receipts and service lines.
  • Research and Findings: The team investigates and determines the qualification period based on the gathered data.
  • Discrepancy Resolution: If needed, they request 941-X forms related to previous claims to prepare for any necessary corrective filings or withdrawals.
  • Authorization Submission: With your approval, Tri-Merit submits form 8821 to the IRS, allowing access to your account to verify any corrections made.

Mandates & Previous Claims

Understanding the mandates your company adheres to is advantageous, yet Tri-Merit takes it a step further by conducting tailored research for each client. Their team clarifies which mandates are ineligible, supported by IRS guidance. While they review prior filings for context, their primary aim is to assess the qualification period independently, free from bias introduced by third-party calculations. The focus is on relevant government mandates in relation to your company, especially when evaluating partial shutdown qualifications, and they also verify gross receipts to ensure there are no additional qualifying routes.

Ready to learn more? We’re here for you.

Schedule Discovery Call
Or Call (800) 624-1076

Discrepancies and Amendments

If the Tri-Merit team has determined that the qualification period differs from what you filed for, they prepare the amended forms and instructions for reversing a previous claim and/or prepare what is required to submit a withdrawal of an open claim. They can also recalculate the credit if there is a partial qualification period in which you are able to retain part of the credit. If you do not have a copy of what was previously filed, Tri-Merit can view online transcripts of the account with the IRS and speak with them to obtain any information needed for the amendment by filling out an 8821 form.

The Final Decision Always Lies with the Client

Tri-Merit provides information and an independent assessment adhering to the IRS guidance as much as possible. At the end of the study, it is the client’s choice based on what was presented whether they want to file any amendments or withdrawals of previous claims.

Tri-Merit stresses that it is never too late to fix a claim that has already been paid. They have assisted clients in paying back credits they were not eligible for by making the appropriate amendment and submitting payment for the amount of the erroneous credit received.

Through their new service offering, Tri-Merit aims to assist businesses in navigating the complexities of ERC Verification, ensuring accurate filings and peace of mind. If you’re seeking professional guidance in navigating the complexities of ERC Verification, don’t hesitate to reach out to Tri-Merit today. Their experienced team is ready to help ensure your filings are accurate and compliant.

It all starts with a discovery call. Contact Tri-Merit about the Employee Retention Credit

Schedule Discovery Call
Or Call (800) 624-1076
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Download our 8-point checklist for finding the right specialty tax partner

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Consent

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Ready to learn more? We’re here for you.

Schedule Discovery Call
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