r/ERCchat

Just wanted to check in to see if any PEO clients have been paid out recently. I think it’s a bad sign that the NAPEO didn’t have an update this month.

Is it still possible to amend 2020 2021 and so on if we received the erc credit finally in 2025/2026. I understand the new guidance but the taxpayer would have significant tax savings due to 1120s basis issues under the old method and would be able to unlock previous losses if 2020 and 2021 show the additional income instead of 2025 and 2026, albeit with a lot more administrative work.