Unlocking Federal Tax Credits So You Donate Less to the IRS
2 Question SETC FEDERAL TAX QUALIFICATION CHECK
1. Did you suffer from Covid -19 in 2021 and/or took care of someone did?
2. Were you in business in 2021 and filed business taxes such as Schedule C, or F, 1040SE, or a 1099 during that year?
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Frequently Asked Questions
How gong does the process take ?
Normal internal processing time plus tax overviews is usually 2 to 3 weeks plus IRS processing time after acceptance.
Is the amount being refunding taxable?
No
Can this be claimed in addition to PPP or ECR and is it Legal?
Yes and Yes! FFCRA is a completely separate tax code written in as Tax Law back in 2020 to help business owners and independent contractors and dependents that suffered from Covid. FFCRA was not a stimulus related package that when it hits a certain dollar amount it ends. Time is what will end this tax credit. Be sure to contact us and find out more and don't wait!
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