Larry Gray CPA
Larry Gray CPA
  • Видео 239
  • Просмотров 1 262 040
How ERC Promoters Scam Small Businesses
Larry Gray, CPA explains how ERC promoters take advantage of small business owners.
Check out Larry on @NBCNews
▶️ruclips.net/video/qQuLyZU7nqU/видео.htmlsi=M8WGZovIVcV2dnQG
IRS Eligibility Checklist for the ERC link:
www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit
Check out Larry's in-depth ERC playlist here!
ruclips.net/p/PLZCIgCmUXjKF6O23lPLKr4PuUeNOVtGby
RUclips Homepage @/agcsolutions
Follow our Facebook Page @ agctaxsolutions
#larrygray #ERC #ERTC #taxcredits #scam #scheme #taxfraud #fraud #taxaudit #employeeretentiontaxcredit #employeeretention #employeeretentioncredit #payroll #payrolltax #smallbusiness #smallbusine...
Просмотров: 333

Видео

BOI: A Quick and Easy Overview on New Federal Reporting for Small Business 2024
Просмотров 2,1 тыс.8 месяцев назад
Larry Gray, CPA explains the BASICS of what's known as BIO or Beneficial Ownership Information. BIO is issued by the Financial Crimes Enforcement Network (FinCEN). According to BIO, qualifying small businesses are required, beginning January 1, 2024, to report certain company and individual information to FinCEN. Timestamp: 00:00 Introduction 00:27 Why do I have to report BOI? 01:08 What compan...
ERC: Debunking The Myths
Просмотров 2209 месяцев назад
Larry Gray, CPA explains the difference between common myths about the Employee Retention Credit and the truth. Timestamp: 00:00 Question 1 00:28 Question 2 01:10 Question 3 02:14 Question 4 02:40 Question 5 02:50 Question 6 03:07 Summary IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit Check ...
Top ERC Misconceptions
Просмотров 1689 месяцев назад
Larry Gray, CPA discusses the most common misconceptions in qualifying for the Employee Retention Credit. Timestamp: 00:00 Introduction 01:06 3 Ways to Qualify 01:19 No Documentation 02:26 Government Mandated Shutdown 06:20 Qualified Wages 07:16 Supply Chain IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-c...
Conversations with Your Client. How to Determine if They Qualify for the ERC.
Просмотров 2249 месяцев назад
Larry Gray, CPA discusses what a conversation between a tax professional and a client regarding qualifying for the Employee Retention Credit should look like. IRS Eligibility Checklist for the ERC link: www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-credit Check out Larry's in-depth ERC playlist here! ruclips.net/p/PLZCIgCmUXjKF6O23lPLKr4PuU...
How To Make Sure You Report 1099-k On Your Return Correctly | Flowchart
Просмотров 1139 месяцев назад
Larry Gray, CPA explains how to report 1099-K on Form 1040 using a helpful flowchart. Timestamp: 00:00 Introduction 00:53 Trillion dollars through P2P platforms 02:02 Why this matters 02:44 How to report 1099-K on return 04:17 Form 8949 Personal Transaction 06:48 How to report for Trade or Business 07:32 Recap 📽️Complete Guide to Reporting Personal Items on 1099-K. Gains, Losses, and What to do...
1099-K. How to Report Gains, Losses, and Errors.
Просмотров 2549 месяцев назад
Larry Gray, CPA walks through how to report errors, gains, and losses on the 1099-K and form 8949. Timestamp: 00:00 Introduction 01:16 How to Report an Error 02:17 Never throw a 1099-K away 02:55 Personal item sold at a loss 04:59 Personal item sold at a gain 05:57 Reporting gains and losses in same year 06:42 You need receipts! 08:54 Example 11:15 Summary Check out Larry's 1099-K Update playli...
The Complete Guide To Reporting Personal Items On 1099-k: Gains, Losses, And What To Do With Errors.
Просмотров 2739 месяцев назад
The Complete Guide To Reporting Personal Items On 1099-k: Gains, Losses, And What To Do With Errors.
The Ultimate WALKTHROUGH of IRS Checklist for ERC. How to Qualify | DEC. 1, 2023
Просмотров 1,2 тыс.9 месяцев назад
The Ultimate WALKTHROUGH of IRS Checklist for ERC. How to Qualify | DEC. 1, 2023
ERC Qualified: ONLY Trust Government Sources for Shutdown Information
Просмотров 407Год назад
ERC Qualified: ONLY Trust Government Sources for Shutdown Information
ERC News Update 9-23: IRS Stops All ERC Processing
Просмотров 1,8 тыс.Год назад
ERC News Update 9-23: IRS Stops All ERC Processing
Beware Of ERC Preparers Charging Contingency Fees
Просмотров 410Год назад
Beware Of ERC Preparers Charging Contingency Fees
Here's What an Income Tax Preparer Should Do When a Client Doesn't Qualify for ERC
Просмотров 350Год назад
Here's What an Income Tax Preparer Should Do When a Client Doesn't Qualify for ERC
ERC News Update: Justice Department Arrests 3100 in Pandemic Relief Fraud
Просмотров 749Год назад
ERC News Update: Justice Department Arrests 3100 in Pandemic Relief Fraud
How EASY it is to Commit ERC Fraud | August 2023
Просмотров 1 тыс.Год назад
How EASY it is to Commit ERC Fraud | August 2023
How do I qualify for Employee Retention Credit under the IRS's Supply Chain guidance? Aug. '23
Просмотров 139Год назад
How do I qualify for Employee Retention Credit under the IRS's Supply Chain guidance? Aug. '23
Everything You Need To Know About Qualifying For ERC August 2023
Просмотров 490Год назад
Everything You Need To Know About Qualifying For ERC August 2023
ERC News Update for August 2023
Просмотров 1,5 тыс.Год назад
ERC News Update for August 2023
WHY Tens of Thousands got ERC that Did NOT Qualify
Просмотров 4,8 тыс.Год назад
WHY Tens of Thousands got ERC that Did NOT Qualify
Is This Your Business? | IRS Clarifies ERC Supply Chain Questions with 5 Scenarios.
Просмотров 168Год назад
Is This Your Business? | IRS Clarifies ERC Supply Chain Questions with 5 Scenarios.
Breaking News! Supply Chain Guidance from IRS | ERC Qualification Update
Просмотров 479Год назад
Breaking News! Supply Chain Guidance from IRS | ERC Qualification Update
Top Tax Pros Are Asking IRS for ERC HELP
Просмотров 448Год назад
Top Tax Pros Are Asking IRS for ERC HELP
Tax Pro ERC Help: Empowering You To Do it Right
Просмотров 141Год назад
Tax Pro ERC Help: Empowering You To Do it Right
How to Prepare for an ERC Audit by the IRS | Small Biz & Tax Pro HELP
Просмотров 4,1 тыс.Год назад
How to Prepare for an ERC Audit by the IRS | Small Biz & Tax Pro HELP
Warning Signs of a False ERC Claim | Small Business ERC Scheme Red Flags🚩
Просмотров 1 тыс.Год назад
Warning Signs of a False ERC Claim | Small Business ERC Scheme Red Flags🚩
Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.
Просмотров 5 тыс.Год назад
Amended ERC Income Tax Return Help. Tax Professionals' Due Diligence.
Be Prepared for 2023 Child Tax Credit Changes! The Numbers are Shocking.
Просмотров 27 тыс.Год назад
Be Prepared for 2023 Child Tax Credit Changes! The Numbers are Shocking.
How to Actually Qualify for the ERC. What to document. (2023 Update)
Просмотров 17 тыс.Год назад
How to Actually Qualify for the ERC. What to document. (2023 Update)
Beware ERC Scam. Don't take the bait! Real facts about ERC.
Просмотров 7 тыс.Год назад
Beware ERC Scam. Don't take the bait! Real facts about ERC.
New Venmo $600 Rule 1099K Reporting Explained
Просмотров 2,2 тыс.2 года назад
New Venmo $600 Rule 1099K Reporting Explained

Комментарии

  • @jefferysiler3896
    @jefferysiler3896 11 дней назад

    Good info. Small correction. A 1099-S is issued on sale of real estate (not 1099-R). He's sharp & aware of that but just misspoke

  • @vincentgallo5974
    @vincentgallo5974 15 дней назад

    What do you do if it’s you but not recognized?

  • @kathifluegel4205
    @kathifluegel4205 17 дней назад

    How do I sign up for id.me

  • @YolandaJ.Wright
    @YolandaJ.Wright 20 дней назад

    Tanks to I looking for hope I last I don't know what to do I find you video I hope I doe right tanks to you. 🎉🎉

  • @derrickwilliams7102
    @derrickwilliams7102 26 дней назад

    Hey, can we speak over the ERC credits?

  • @uyvetthompson2810
    @uyvetthompson2810 Месяц назад

    This is another form of discrimination so mostly black people accounts are flagged an Id. Me claims they cannot verify after I gave them my Id and other info and they still said I canot be verified. So I have to go theu alot of red tape to sign into ssa and unemployment or irs.

  • @hobobandit
    @hobobandit Месяц назад

    My problem is i have no business. I use pay pal to loan my kids money and friends and family bit sometimes when they pay me back they send it as goods and services instead of friends and family and now i gotta get a tax id.

  • @akzoc
    @akzoc Месяц назад

    Wow. I got my ID.me signin working, but it was a PITA. What an ordeal.

  • @Ulujmf
    @Ulujmf Месяц назад

    Once done how can you change the mfa options from txt to push genrator since i may have a different phone # Thanks

  • @gazitasnimalhadi
    @gazitasnimalhadi Месяц назад

    Hi, Can anyone help me to get Quickbook clients... I'm from Bangladesh , I know Quickbooks,Zero also other Accounting Softwares... Thanks

  • @EvangelineAkokwu
    @EvangelineAkokwu Месяц назад

    Please how do I get the link, I want to share with my friend.

  • @EvangelineAkokwu
    @EvangelineAkokwu Месяц назад

    Thank you

  • @anthonykerr6160
    @anthonykerr6160 Месяц назад

    I thought this was for the Eating Recovery Center. I’ll comment for the algorithm though

  • @twerktospec
    @twerktospec 2 месяца назад

    You should be held accountable

  • @K4tydxS
    @K4tydxS 2 месяца назад

    ID. Me is the worst web account that’s there to open/ update. Will never try again after so many failed attempts. Do not recommend to anyone.

  • @AceCPAsBookkeeping
    @AceCPAsBookkeeping 2 месяца назад

    TLDR: You can easily create and customize invoices in QuickBooks Online to charge customers for your products or services, and manage payments and billing for multiple invoices. 00:00 📝 Learn how to create an invoice in QuickBooks Online to charge customers for your products or services. 01:29 📝 You can create an invoice for non-inventory items in QuickBooks Online, but if you need to track inventory, you may need a different version of QuickBooks. 02:12 💡 Choose between services or bundles for different types of products and set up categories and descriptions for tracking and billing in QuickBooks. 03:24 💡 Enter sales price and units for invoicing, assign income account, and categorize items in QuickBooks. 04:25 💡 Enter customer's email, create and send invoice, check billing address accuracy, and set up online payments if needed. 05:23 💡 You can customize invoice terms, due date, and invoice number in QuickBooks Online, and easily bill for services or products. 06:08 💡 Enter quantity and customize items on the invoice, then save and send it to the customer via email. 07:35 💡 Create and receive payments for invoices in QuickBooks Online, and manage multiple invoices for a customer.

  • @ronwatkins5775
    @ronwatkins5775 2 месяца назад

    Can you send invoices and receive payments with quickbooks offline version?

  • @SamCapra-l6h
    @SamCapra-l6h 2 месяца назад

    How are outstanding checks reflected on the QB desktop bank reconciliation report?

  • @ArthurKlisiewicz
    @ArthurKlisiewicz 2 месяца назад

    ID.ME === absolute trash

  • @Comic_Book_Creator
    @Comic_Book_Creator 2 месяца назад

    I am in Argentina, why they apply it to me . I am not US Citizen, I can see they charge me TAX

  • @LP_Neptune
    @LP_Neptune 2 месяца назад

    If im $500 ($100 below the threshold) on ebay and deleted my account and remade a new account how would the irs know it's me if my name is different?

    • @LP_Neptune
      @LP_Neptune 2 месяца назад

      Government law requires EBAY to get your SSN, meaning taxes are tracked.

  • @BishopEddie5443
    @BishopEddie5443 2 месяца назад

    Just another way to steal from the poor! The IRS doesn't make the wealthy pay their fair share of taxes but they want to nickel and dime the poor. They want to make sure people on welfare don't prosper (even though inflation makes food stamps almost worthless) and this is a trap to catch people on disability to cut off their benefits. This is like the Mark of The Beast! You can't buy or sell without the government spying on you. The cops are being called on children selling water! Kids selling lemonade may need special permits! Why? The government needs money to build bombs and steal land and they want us to pay for their genocides! Meanwhile drug dealers are undetected and often protected. You'd be surprised just how much drug cartels are welcomed to contribute to corrupt politicians!

  • @nolebeeks303
    @nolebeeks303 2 месяца назад

    We did everything through paychex( national company) with the help of our cpa ... we just got a letter from the irs saying we owe 430000 from 2021 ...we used the money exactly the way we were supposed to ... we entered everything into quickbooks. They added interest and fees to something that we weren't even aware of until now . I have a hard time believing both our cpa and financial peeps got it wrong. Is the irs weaponised ? If we have to pay the 43000 we are out of business... 30 years down the drain. Idk what to do ...maybe talk to a lawyer idk

  • @myboatflxscout5723
    @myboatflxscout5723 2 месяца назад

    When the going after the scammer!!!!!!!

  • @garykos1308
    @garykos1308 3 месяца назад

    Land of the Free

  • @aunitaclark
    @aunitaclark 3 месяца назад

    Hi Debbie!! luv your video, in your how to add vendors (might seem like a silly question but I'm very, very new, when you're saying you and yours, are you talking about me or my client? Thank you sooo much for your time :)

  • @charleseaster4051
    @charleseaster4051 3 месяца назад

    There is a third door, Startup businesses that started operations after Feb 15th 2020

  • @jimmyjarreau8587
    @jimmyjarreau8587 3 месяца назад

    How can I get disability benefits,without all the games they like to put you through. I’m 58 years old worked my ass off all my life helping feed America and now I can’t work to feed myself

  • @rooster7996
    @rooster7996 3 месяца назад

    Maybe, I could agree regarding the first year. But it increases 2.5% each year until 2025. So, in the example provided in the above video, the second year the rebate would be $50, the third year $75, the fourth year $100, and the fifth year $125. Honestly, it is not that big of a deal to fill out the PDF form as long as you do it with each receipt. I wouldn't want to do a whole years worth at one time though. This is the third year and I would estimate that I have spent less than an hour to get the form filled out to this point. So...an hour worth of my time to receive $75...worth it for me.

  • @marthabustos4079
    @marthabustos4079 3 месяца назад

    My boss applied for ERC on February last year. His company was struggling, and some weeks did not have enough money to pay us. ERC marketing was sounding every day everywhere. He got the check on June and did not spend it because his CPA did found out and talked his that it was a scam. Two weeks later the IRS send him a letter to ask for the money back. He still have the checks and the question is what's the procedure to give back the ERC checks to the IRS without problem?

  • @Cccc-ky4vq
    @Cccc-ky4vq 3 месяца назад

    Thank you joe Biden

  • @LoganSchmidt-u8j
    @LoganSchmidt-u8j 4 месяца назад

    This is the worst website I’ve ever been on. Works like 💩

  • @kesun32145
    @kesun32145 4 месяца назад

    A bunch of people complaining about eBay and other payment services… the source of the problem is the Biden administration. They can mess the country and the rest of the world up with no accountability. To add insult to injury, they use their power to change tax laws to make it harder for the average American to survive. Shame on all the buffoons who voted in this clown administration.

  • @ShadowbannedMedia
    @ShadowbannedMedia 4 месяца назад

    Your info has been helping me understand more on what type of entity I should have from your perspective please keep posting I’m loving the content!

  • @TheSweettalk
    @TheSweettalk 4 месяца назад

    Wow to short and not enough information to brief lol

  • @take2rollem
    @take2rollem 4 месяца назад

    I have been having trouble with my sales tax within the invoice when I go to save it doesn't like my non-taxable labor. I'm a furniture reupholster and only 20% of my labor is taxable; I've been doing them on two item lines and splitting out the non- taxable labor and taxable labor of 20% but when I go to save the invoice I get an error message. Ugh. I tried doing the item as a bundle and it still doesn't like it. There's got to be a way of getting around this glitch. The tax isn't based on where my customer lives but here at my shop location in town at 7.25%

  • @rthilson
    @rthilson 4 месяца назад

    I’ve been waiting for 2 years to actually get the credit batshit crazy

  • @MrBig-di6yc
    @MrBig-di6yc 4 месяца назад

    Think it’s bull crap. Government shouldn’t have their hand in everything

  • @archnemisis6954
    @archnemisis6954 4 месяца назад

    Its a set-up alright. If you do this process you'll be identified as a Taxpayer. A Taxpayer by legal definition is a cestui que trust. That is Your Strawman Account Identified by Your Social Security Number. This does not apply of you You are the living soul . Know the difference...

  • @misssands3764
    @misssands3764 4 месяца назад

    It's UNCONSTITUTIONAL

  • @hassanali7763
    @hassanali7763 4 месяца назад

    Thanks

  • @AGJ235
    @AGJ235 4 месяца назад

    Circular 230, which governs the rules of practice before the IRS for accountants, enrolled agents, and lawyers, generally prohibits those covered from charging contingent fees. The prohibition extends to professionals helping to assemble and file claims for refunds or credits, the agency says. However, federal court rulings have restricted the IRS’s ability to regulate return preparers and place restrictions on contingency fees related to tax refund claims. The IRS took steps to regulate unenrolled preparers in 2010, but the regulations were challenged in court. In Loving v. IRS, 742 F.3d 1013 (D.C. Cir. 2014), Supreme Court Justice Brett M. Kavanaugh, then writing for a panel of the D.C. Circuit, held that the IRS lacked statutory authority to require tax return preparers to register with the agency or fulfill other regulatory requirements like Circular 230’s ethics rules. That holding was extended in Ridgely v. Lew, 55 F. Supp. 3d 89 (D.D.C. 2014), to the IRS’s attempt to apply a rule from Circular 230 against contingency fees to a CPA filing a refund claim. The effect of the rulings was to restrict the application of Circular 230 to more active engagements, like representing taxpayers in audits, and to exclude mere return preparation.

  • @randyhelgeson1254
    @randyhelgeson1254 4 месяца назад

    When it comes to terms. And the pay me half upfront. Do i add that term? Or do i immediately after go to the paid section?

  • @randyhelgeson1254
    @randyhelgeson1254 4 месяца назад

    Thanks, Debbie! I'm now looking for your invoice video.

  • @craigpetty7038
    @craigpetty7038 5 месяцев назад

    What happen your a freelancer and use personal acc and go over the 600 rule?

  • @ronswallow
    @ronswallow 5 месяцев назад

    If you are a w2 delivery driver and you use your own car and your miles are tracked how much should you be paid for reimbursement?

  • @BlahBlah-kx2cm
    @BlahBlah-kx2cm 5 месяцев назад

    Good stuff Larry. Thk u !

  • @serenitychanhly728
    @serenitychanhly728 5 месяцев назад

    very helpful. Thank you.

  • @lilianv8159
    @lilianv8159 5 месяцев назад

    Very interesting. There is a case of a client. The store of this company was (we had a store in NY and the headquarter in NJ) shutdown due to a NY mandate order due COVID-19 from March 22nd 2020 to May 28th 2020. This company received PPP loan for the period May 7th 2020 to August 27th 2020. Then, the period from March 22nd to May 6th would be considered to get the ERC credit. However, the gross receipts of the 1st and 2nd Q in 2020 did not decrease more than 10% compared with the corresponding quarters 2019. Is this company still eligible for the ERC 2020?

  • @johnpanos2332
    @johnpanos2332 5 месяцев назад

    here's another example of "Privatization" happens. public money private profit !! the complaints below are about downloading the drivers license------just great