ERTC Timing Update As of June 8, 2022

June 23, 2022

Hello valued My ERTC Now customer,

Our team is routinely monitoring ERTC updates from the IRS, and we wanted to share their recent update with you. The IRS has not explicitly updated and stated their turnaround time since initial guidance was retracted last year, however, they are providing us with status updates on the number of amended 941 forms in their backlog, which we can use to estimate their throughput.

The latest IRS update as of June 8, 2022, states there are “222,000 unprocessed 941-X forms, not all of which include a Covid Credit." The number of backlogged 941-Xs is down significantly compared to prior months - Good news! This means that the IRS is getting through the amended filings at a quicker pace than in months past- a promising sign!

You can read more about their updates here:

https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue

We will continue to provide you with updates on the expected processing time of these credits. We ask that you remain patient as the IRS was impacted by Covid just like we all were. We are here and are committed to answering any questions you have about this process until you receive your Employee Retention Credit.

Once you do receive your credit, we always appreciate hearing from you, as it helps us gauge expected time for other clients who are too waiting for their return to come.

Please feel free to reach out if there is anything our team can do to assist you  

Testimonial quote for a happy customer of My ERTC Now
The team over at My ERTC Now were fantastic to work with. They made the entire process incredibly easy and got me way more money than I thought! I highly recommend!
Tyler's testimonial of My ERTC Now, the Managing Partner of Tier3 Agency
Tyler Boscolo
Managing Partner,
Tier3 Agency

We've helped businesses file for millions in Employee Retention Tax Credits