Donna Genie and Donna Bordeaux discuss the Employee Retention Credit for 2020. Amended 941 returns filed in March 2021 are only now getting refunds, about seven to eight months later. Plan for roughly eight months from filing to receiving your money.
March 2021
About seven to eight months after filing
Add about eight months to the filing date as an expected time to receive the refund
If you've been waiting a long time for your employee retention credit for 2020, things are starting to move a little bit depending on when you file. We initially filed amended returns for 941s in March of 2021, and we are just starting to few of those refunds get issued, so it's taking probably about seven to eight months to see those refunds come about. To give you a little guideline, if you're still waiting to if you haven't applied for your refund and you think you're eligible for the employee retention credit, I'd be happy to talk with you and see if we can help you get in the lineup to get your refund process. We have a little more information now and the rules have changed slightly, but but we'd be happy to help you get those in play. And for those of you who are still waiting, check when you file and add about eight months to that and that's when you can expect it. We pull transcripts routinely for our clients to make sure that we see those returns being processed or at least recorded that they were received. And we are now starting to see some movement. So watch for checks in the mail, folks.
I'm Donna Bordeaux from campgroundaccounting.com Please follow us on Facebook and Instagram. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at donnaampgroundaccounting.com Sam.
