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Painting Business Owners: Have you been waiting for your ERC claim to be processed?

Name: Painting Business Owners: Have you been waiting for your ERC claim to be processed?
Uploaded: 2023-12-08T13:15:02+00:00
Duration: 56 s
Channel: Daniel Honan
Description: In this brief advisory, the speaker alerts painting and other small‑business owners that the IRS is still overwhelmed with Employee Retention Credit…

8 Dec 2023 · 1 min

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In this brief advisory, the speaker alerts painting and other small‑business owners that the IRS is still overwhelmed with Employee Retention Credit (ERC) claims, with roughly 600,000 still unprocessed as of September 15. The speaker notes a surge of aggressive marketing from firms promising to secure ERC refunds—mailers, voicemails, and even AI‑generated deep‑fake celebrity endorsements (e.g., a Snoop Dog‑style voicemail). He warns that these companies often lack diligence in determining eligibility, meaning a business could receive funds it isn’t entitled to and become liable for repayment or penalties.

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It was designed to help businesses during COVID We're post-pandemic. Ironically, the IRS is receiving more claims now than they did during COVID Latest numbers are about 600,000 unprocessed claims as of September 15th. Reason behind this, the onslaught of advertisements from companies claiming to get you ERC. I've seen mailers come in my mailbox. I've gotten voicemails on my phone. I've seen celebrities On TV, there is a voicemail being left by what sounds like and claims to be Snoop Dogg to apply for the ERC. Now, it's almost certainly an AI fraud. You can imagine companies that will use deepfakes of celebrities to sell their products may not be very diligent in processing their claims. They may not be real accurate as to what qualifies and what doesn't qualify. And that could leave you, the business owner, on the hook if you received money that you weren't actually entitled to.