Find answers and general information quickly about tax credits and working with Alpharesults.
Working With Alpharesults
We have a streamlined process with separate teams focused on each credit we deliver. They can simplify the process and tell you exactly what documents are needed, then they handle all the calculations, paperwork, and approval (if applicable) from there.
After determining you qualify for a credit, we will have an initial conversation with your CPA to confirm
1) that you can use the credit to offset your taxes/benefit from the refund and
2) if an amendment is needed to capture the credit, they agree it's advantageous to proceed.
Employee Retention Credit
Companies that experienced partial shutdowns due to government orders limiting commerce, travel, or group meetings; or that experienced significant declines in quarterly gross receipts (compared to their quarterly gross receipts in 2019) due to the pandemic are eligible employers under this program.
Based on our experience, receiving a refund from the IRS takes approximately six to nine months.
It is possible for an employer who received a PPP loan to be eligible for ERC. Different wages must be used when applying for each program.
Eligible companies report their ERC eligible wages and claim the related tax credits on an amended payroll tax return (Form 941-X).