How long can the ERC process take?
The length of the ERC process depends on multiple factors, such as the complexity of your business’s payroll records and whether you have already filed your tax returns for the applicable quarters. In general, it’s safe to assume that the ERC application process can take several weeks to complete.
To start, you will need to gather and organize your payroll records for the applicable quarters, along with other documentation related to the ERC, such as your business’s gross receipts and government orders related to COVID-19. Once you have all of this information assembled, you can begin the process of filing your ERC application.
The actual filing of the application can take a few days to a week, depending on the efficiency of your accountant or tax attorney. After the application is submitted, it can take the IRS several weeks to review and process the application and issue any applicable tax credits.
However, it’s important to note that the ERC process can be expedited if you work with a qualified and experienced tax professional who understands the nuances of the process and can help ensure that your application is complete and error-free.
Let’s take the stress off for you
At ClearERC, our qualified CPAs and tax attorneys are here to help you navigate the ERC process and maximize your tax credits. We have streamlined our process to help ensure that your application is filed quickly and