Uploaded February 2023 | Updated September 2026, 1 week ago
There is a huge problem for anyone who unlawfully claimed the employee retention tax credit.
It’s reported to be the largest tax fraud scheme in American history coming in at an estimated 2 TRILLION dollars. See an example of an IRS letter, for an ERTC refund claim. $468 thousand dollars for 18 employees at $26 thousand dollars each.
If you didn’t know, the IRS is holding any ERC for claim over $200,000 per quarter, for additional scrutiny.
📅 Facing ERC Issues? Schedule a Free Consultation with Me Now:
https://bookme.name/noellorenzanacpa/lite/employee-retention-tax-credit-help
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
📖 Transform Your Accounting - Learn Modernization Concepts in My Book Today!
modernizedaccounting.com
👪 Join My Free Facebook Group and Connect with CPAs and Tax Pros!
facebook.com/groups/951368119040370
Hey there, welcome to my channel! I'm Noel Lorenzana, a licensed CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!
On, this channel, I talk about simplifying taxes for individuals and entrepreneurs. Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/7GRzs58EKJY
youtu.be/UHalW3RxnN8
youtu.be/KX2XTg6ERmY
Thanks for watching my video on, How to Protect Yourself if You Were the Victim of an ERC Scam
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based on this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - Employee Retention Tax Credit Scam
01:32 - What is Employee Retention Tax Credit (ERC)?
02:33 - If You File a False Refund Claim With the IRS
03:51 - Two Ways to Qualify for ERC
04:32 - How to Protect Yourself From ERC Scam?
06:38 - If You Feel that You've Been Duped by a Tax Consultant or Ercmail
07:06 - IRS Auditing Fraudulent ERC Tax Credit Fraud
Replay Video Link: youtu.be/vUeULBAPU7k
#employeeretentioncredit #ertc #employeeretentiontaxcredit
There is a huge problem for anyone who unlawfully claimed the employee retention tax credit.
It’s reported to be the largest tax fraud scheme in American history coming in at an estimated 2 TRILLION dollars. See an example of an IRS letter, for an ERTC refund claim. $468 thousand dollars for 18 employees at $26 thousand dollars each.
If you didn’t know, the IRS is holding any ERC for claim over $200,000 per quarter, for additional scrutiny.
📅 Facing ERC Issues? Schedule a Free Consultation with Me Now:
https://bookme.name/noellorenzanacpa/lite/employee-retention-tax-credit-help
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
📖 Transform Your Accounting - Learn Modernization Concepts in My Book Today!
modernizedaccounting.com
👪 Join My Free Facebook Group and Connect with CPAs and Tax Pros!
facebook.com/groups/951368119040370
Hey there, welcome to my channel! I'm Noel Lorenzana, a licensed CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!
On, this channel, I talk about simplifying taxes for individuals and entrepreneurs. Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/7GRzs58EKJY
youtu.be/UHalW3RxnN8
youtu.be/KX2XTg6ERmY
Thanks for watching my video on, How to Protect Yourself if You Were the Victim of an ERC Scam
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based on this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - Employee Retention Tax Credit Scam
01:32 - What is Employee Retention Tax Credit (ERC)?
02:33 - If You File a False Refund Claim With the IRS
03:51 - Two Ways to Qualify for ERC
04:32 - How to Protect Yourself From ERC Scam?
06:38 - If You Feel that You've Been Duped by a Tax Consultant or Ercmail
07:06 - IRS Auditing Fraudulent ERC Tax Credit Fraud
Replay Video Link: youtu.be/vUeULBAPU7k
#employeeretentioncredit #ertc #employeeretentiontaxcredit
