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The Park Rapids Lakes Area Chamber of Commerce is the region’s largest membership-driven organization representing the interests of over 300 businesses and individuals.

News Release: 11/9/2022

I wanted to share the information below, directly from the IRS regarding the Employee Retention Credit. I think that there is quite a bit of confusion surrounding this. David Allen Capital/Loon Island Funding working with ERC PROS provides information and the ability to apply with NO upfront fee. https://davidallencapital.com/taxcredit/102589548
Employers warned to beware of third parties promoting improper Employee Retention Credit claims.  IR-2022-183, October 19, 2022
WASHINGTON — The Internal Revenue Service today warned employers to be
wary of third parties who are advising them to claim the Employee Retention
Credit (ERC) when they may not qualify. Some third parties are taking
improper positions related to taxpayer eligibility for and computation of the
These third parties often charge large upfront fees [we don’t] or a fee that is
contingent on the amount of the refund and may not inform taxpayers that
wage deductions claimed on the business' federal income tax return must be
reduced by the amount of the credit. [we inform them of this - some may

If the business filed an income tax return deducting qualified wages before it
filed an employment tax return claiming the credit, the business should file
an amended income tax return to correct any overstated wage deduction.
[we inform them of this - some may not]
Businesses are encouraged to be cautious of advertised schemes and direct
solicitations promising tax savings that are too good to be true. Taxpayers are
always responsible for the information reported on their tax returns.
Improperly claiming the ERC could result in taxpayers being required to
repay the credit along with penalties and interest. [This is why it is SO
important clients chose a reputable firm who disclose all this to the client
like ERC Pros]

Note - DAC comments in [brackets]


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