@ThomasEBayerCPA @ALeib0421 Hardly a complete number or with all caveats, I'm sure. But still an early indication that the IRS to some degree seems to have got these denials right. All the letters I saw were bad. But that's because we did valid claims. I would be fascinated to see a mill's numbers.

@ThomasEBayerCPA @ALeib0421 All are subject 😆 , but of course they can't examine all. My guess is they have been paying the tiny ones and slow walking the big ones to starve the mills and disrupt as with the moritorium. Then more blanket denials will come, but ultimately they have to pay most eventually.

@gregbrowncpa Oof. This is why we certified mail. It happens. I've seen that too in other tax areas.

@kennydettman The degree of overall false claims in the ERC program will never be a settled debate though. I think we both know it's massive, but somewhere between the 95% bad headlines/hyperbole and next to nothing that the mills would have us believe.

@ALeib0421 They are part of the 100k. It's both full and partial disallowances:

@kennydettman Assuming the IRS is wrong or delayed in tracking is reasonable. But to 5x their count would be a big jump - and that gets right back to their 90% if every reply is valid. I'm just going out on a limb now to say it's ultimately a lot closer to the IRS number than all the bluster.

@gregbrowncpa I have directly seen a handful of bad disallowances from this (based on employee count cap issues). We responded and got "we need more time to process" letters in each case. Saw one closed that got fixed in 60 days. The 2k noted are reply counts. Not processed/approvals/denials.

What do you say, @RichardRubinDC? Perhaps the snags were small as expected after all - does this article need an updateor ERC reporting in general? Don't have too much fun just covering TCJA2 now.

@Tyler_Menzer We are overdue for a good IRS press release re ERC. Maybe with Werfel out it won't see the same level of updates....

@kennydettman With all of the noise out there, you would have thought it was 90% bad letter instead of 90% good letters as the IRS said. This data point would seem to point much closer towards the IRS view.

@Tyler_Menzer IRS Deputy Commissioner in New court document.

@baldridgecpa Threads are so back

End ERC. Also end the estate tax.

And of course.... I thought the brazen ERC claims were something, but selling tax credits that don't exist is just incredible.

@jmGreekwedding If all got offers, I would agree with you. Then they see a litigation hazard. But what I keep hearing is mostly no offers or token offers at appeals (15% has popped up repeatedly). Wish I knew exactly here and for all - but I've yet to hear of a single, great ERC appeals offer.

No indication of what extent the company benefited unless they separately litigate for the remaining balance. Not the first I have heard of IRS Appeals offering some form of settlement after weighing hazards of litigation. But the ones I know of were small concessions.