To check the status of your refund, you can call the IRS at 877-777-4778. To check the status of your ERTC refund, you'll need to contact the IRS. You can do this by calling the IRS help line or by visiting the IRS website. When you contact the IRS, make sure you have your Social Security number, employer identification number, and information from your tax return ready. Despite the bad news about the repayment deadline, employers who qualify for the ERC should continue to consider filing a modified payroll tax return to apply for the benefit.
Fortunately, we have some answers to put your mind at ease and help you check the status of your employee retention tax credit. Legislative changes allowed many employers to retroactively request ERC on amended payroll tax returns, which must be filed on paper and processed by hand by specially trained IRS personnel. As outbreaks and pandemics become more frequent, the employee retention tax credit and similar programs, such as the Check Protection Program (PPP), are likely to play an even greater role in helping companies keep their workers employed. Since this form is no longer available, the best option that many business owners can take is to work directly with an ERC loan provider who could grant you a business loan based on your ERC eligibility.
One of the reasons for the backup is the unexpectedly high volume of requests for employee retention credit (ERC) reimbursement. While one of the objectives of the ERC was to provide funding to compensate for employee-related costs (and, therefore, maintaining jobs), the inevitable staff shortfall (such as the one suffered by the SBA as a result of the Paycheck Protection Program) means that, sadly, employers will not receive the funds until long after the crisis has abated. While the IRS has made progress in recent years in terms of online tracking and access to information for taxpayers, those systems do not provide any information on the processing time of ERC refund requests in amended payroll tax returns.