Many most business owners that got the ERC, Employee Retention Credit, from the IRS do not know that getting the ERC may result in a high tax liability with the IRS. In this video we explain why when you get the ERC credit from the IRS you need to amend your business tax return and most likely have to pay higher taxes.

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DISCLAIMER

This video is intended for education purposes and should not be taken as legal, financial or tax advice. You should consult with a professional about your unique situation before acting on anything discussed in these videos. Freedomtax Accounting and Multiservices Inc., Freedom Insurance Financial Inc., Freedom Realty Source Inc., and Freedom Immigration International Inc. are providing educational content to help small business owners and individuals become more aware of certain issues and topics, but it cannot give blanket advice to a broad audience. Neither Freedomtax Accounting and Multiservices Inc., Freedom Insurance Financial Inc., Freedom Realty Source Inc., and Freedom Immigration International Inc. nor its members can be held liable for any use or misuse of this content.

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