Demystifying the Employee Retention Credit (ERC) with Dan Pilla, America's Tax Authority

08/07/23 • 18 min

Welcome to another insightful episode of the Pilla Tax Podcast! Today, we're tackling one of the hottest topics on the minds of small business owners: the Employee Retention Credit (ERC). With over 40 years of experience in tax litigation and as the founder of the Taxpayers Defense Institute, Dan Pilla is the person to clear all your doubts.

Small businesses across the nation have been clamoring for clarification on the ERC. Questions abound:

How long is the ERC available?
Does the business need to have had a substantial drop in revenue to qualify?
What was the IRS statement declaring the credit a fraud all about?

Dan Pilla, the author of 15 books and a leading authority on tax matters, provides detailed answers to these questions and more. Leveraging his unmatched expertise, Dan explains the complex provisions of the ERC, the qualifying criteria, the fraud allegations, and the critical strategies that businesses can employ to leverage this credit.

In this episode, you'll discover:

A comprehensive understanding of the ERC
Insights into recent IRS announcements and fraud alerts
Tips on how to ensure your business's eligibility
Practical guidance for claiming the ERC without running afoul of IRS rules
The significance of the ERC for the broader tax landscape and small business community

Whether you're a business owner, tax professional, or simply interested in the ever-changing world of tax law, this episode is an essential listen.

Join us and let Dan Pilla guide you through the murky waters of the ERC, ensuring that you're informed, compliant, and ready to make the most of this essential tax credit.

Don't forget to like, share, and subscribe for more in-depth tax insights from the master himself!

Be sure to check out the Pilla Tax Academy website for all your tax resources at:
www.PillaTaxAcademy.com

YouTube: https://www.youtube.com/@pillataxacademy

FaceBook: https://www.facebook.com/pillataxacademy

Instagram: https://www.instagram.com/pillataxacademy

See omnystudio.com/listener for privacy information.

Small businesses across the nation have been clamoring for clarification on the ERC. Questions abound:

How long is the ERC available?
Does the business need to have had a substantial drop in revenue to qualify?
What was the IRS statement declaring the credit a fraud all about?

In this episode, you'll discover:

A comprehensive understanding of the ERC
Insights into recent IRS announcements and fraud alerts
Tips on how to ensure your business's eligibility
Practical guidance for claiming the ERC without running afoul of IRS rules
The significance of the ERC for the broader tax landscape and small business community

Whether you're a business owner, tax professional, or simply interested in the ever-changing world of tax law, this episode is an essential listen.

Join us and let Dan Pilla guide you through the murky waters of the ERC, ensuring that you're informed, compliant, and ready to make the most of this essential tax credit.

Don't forget to like, share, and subscribe for more in-depth tax insights from the master himself!

Be sure to check out the Pilla Tax Academy website for all your tax resources at:
www.PillaTaxAcademy.com

YouTube: https://www.youtube.com/@pillataxacademy

FaceBook: https://www.facebook.com/pillataxacademy

Instagram: https://www.instagram.com/pillataxacademy

See omnystudio.com/listener for privacy information.

Previous Episode

Navigating Cryptocurrency Taxation with Dan Pilla, America's Leading Tax Expert

Welcome back to another exciting episode of the Pilla Tax Podcast! This week, we're thrilled to have Dan Pilla, renowned as the USA's top tax expert, delve deep into the complex world of cryptocurrency taxation.

In the rapidly evolving landscape of digital assets, the IRS's regulations can be a maze to navigate. Many are unaware of the rules, while others simply misunderstand. This lack of clarity has led to many people unwittingly incurring tax liabilities and penalties, which can be daunting and financially crippling.

But worry no more! In this episode, Dan breaks down cryptocurrency taxation like never before, translating complex IRS guidelines into simple, actionable steps for everyday investors. Whether you're an experienced crypto trader or just dipping your toes into the digital currency world, this episode is tailored for you.

Dan discusses:

How cryptocurrencies are recognized by the IRS
The implications of buying, selling, and trading cryptocurrencies
Reporting requirements and tax obligations for crypto transactions
Potential penalties for non-compliance
Recent IRS enforcement activities in the crypto space
Practical strategies for tax planning and compliance

This episode is more than just a tax lesson; it's an essential guide for anyone dealing with cryptocurrencies. So, buckle up and get ready to uncover the secrets of crypto taxation, demystified by none other than Dan Pilla himself!

Remember, knowledge is power. Equip yourself with the right tools to avoid unnecessary tax pitfalls and fully embrace the potential of your cryptocurrency investments.

Don't forget to like, share, and subscribe to our channel for more invaluable tax advice from Dan Pilla.

Watch now, and make sure your crypto journey is a smooth one!

#PillaTaxPodcast #CryptocurrencyTaxation #DanPilla #IRS #CryptoTax #Bitcoin #Blockchain #DigitalAssets #TaxAdvice

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Next Episode

Navigating IRS Business Audits: What Every Small Business Owner Must Know

Welcome to the latest episode of the Pilla Tax Academy! As America's leading tax authority, Dan Pilla dives deep into a topic that has been causing ripples in the small business community: the increased frequency of IRS business audits.

In today's episode, we tackle the pressing questions that have been on the minds of entrepreneurs and business owners:

Why has the IRS been signaling an uptick in business audits for over the past year?
As a small business owner, should you be alarmed?
How does the IRS determine which businesses to scrutinize?
Most importantly, what strategies and insights can you employ to emerge victorious in an IRS audit?

With over 40 years of tax litigation expertise and a vast repository of knowledge on IRS problems, Dan Pilla unravels the nuances of the auditing process, offers preventative advice, and empowers businesses with the tools they need to face potential audits confidently.

This episode of the Pilla Tax Academy is a listen to for every small business owner, tax professional, and anyone interested in understanding the inner workings of the IRS audit process. Equip yourself with knowledge straight from the industry's best, and ensure your business stands strong in the face of any IRS scrutiny. Know what to do, and if you don't Pilla Tax Academy is here to quickly help you.

Don't forget to like, share, and subscribe for more invaluable insights and guidance from the Pilla Tax Academy.

#DanPilla #TaxExpert #PillaTaxAcademy #IRS #BusinessAudits #AuditPrevention #TaxCompliance #TaxLitigation #SmallBusiness #IRSProcedures #AuditStrategies #TaxPlanning #AuditTips #IRSInsights #BusinessStrategy #TaxProtection #AuditDefense

See omnystudio.com/listener for privacy information.