The Employee Retention Credit, Updated for Notice 2021-49

Originally passed as part of the CARES Act in 2020, the employee retention credit has been revised twice since then. The ERC was first revised by the Taxpayer Certainty and Disaster Relief Act

(Division EE of Consolidated Appropriations Act of 2021) – referred to as “Relief Act” on December 27, 2020, and then revised again in March of 2021 as part of the American Rescue Plan Act.

The program will:


1. Review the ERC qualifications and present examples of the calculations

2. Discuss concerns related to Payroll Protection Program forgiveness and the successful maximization of the ERC.

3. Discuss both what to do if the PPP forgiveness application has, and has not, been submitted.

4. Review guidance issues in Notice 2021-20, Notice 2021-23 and Notice 2021-49.

5. Define and Discuss Recovery Startup businesses under IRC 3134(c)(5) and provide examples

6. Define and Discuss Financially Distressed Employers under IRC 3134(c)(3)(C)(ii)

7. Heavy discussion and examples of the related party guidance of IRC51(i)(1), then as amplified under Notice 2021-49 with IRC 267(c)

8. A discussion on correctly errors made on pervious filings.

9. Questions and Answers

This 100 minute course offers 2 IRS CE & 2 NASBA CPE. Tuition - $79

$47 a month unlimited CE subscribers are automatically registered for this course.

This program will be recorded and available for replay.