Whether pursuant to a 30-Day Letter or a field examination, Sagemont Advisors team of internal CPAs and tax attorneys with real-world IRS tax controversy experience are ready and able to assist businesses that have been selected for an ERC examination. Our team of former big-firm advisors are not only experts in the ERC, but also bring many years of IRS audit experience to the table. Sagemont’s team has also received widespread praise in the ERC community for their September 2023 release of “The Practical Guide to Navigating an Employee Retention Credit Audit,” which has received thousands of downloads to date.

Sagemont has a variety of methods and approaches to potentially expedite the processing of an ERC claim, which may include enlisting the assistance of a local Congressperson, the Taxpayer Advocate Services (TAS). Clients experiencing refund delays in excess of six months may be eligible to pursue these extraordinary measures to expedite the processing of claims.

Errors related to ERC claims, whether perpetuated by the ERC claimant, their service provider, or even the IRS, are frequently uncovered during a Red Flags Review. Sagemont’s team of seasoned tax and legal professionals have decades of combined experience in tax resolution and advisory services and can liaise with the IRS to address a variety of errors or mistakes that may arise pursuant to an ERC claim.

With the IRS cracking down, the clock is ticking for businesses to reconsider whether their initial ERC claim was appropriately evaluated and calculated according to the statutory rules and IRS sub-regulatory guidance. Furthermore, given the condensed timeline to turnaround supporting documentation on a 30-Day Letter, it is incumbent upon eligible taxpayers to make a proactive effort to get their ducks in a row prior to receiving such Letter. As a reminder, the IRS has minimal analytics available to discern eligible ERC claims from ineligible ERC claims without requesting the supporting documentation from the taxpayer, and therefore, even strongly eligible claims are being questioned and risk disallowance should the required documentation not be readily available.