ERC Refund Status
Are you still waiting on the Employee Retention Credit you filed months ago?
You may be one of many people depending on those earnings to help support your business.
Fortunately, there are several ways to check your ERC refund status.
How to check the status of my ERC claim?
Option 1 — If you used Jorns & Associates to maximize your refund
- Contact your Jorns assigned Account Manager or your Jorns Advisor
Option 2
- Contact the IRS directly at (877)-777-4778
Option 3
- Visit the Where’s My Refund page on the IRS website.
- For amended filings, visit the IRS Amended Return Status Checker.
How Long Does It Take for the ERC Refund to Arrive?
Originally, after amended payroll reports were filed in 2020, the IRS would issue refunds within six weeks to six months. However, ERC refund processing timeline has since been extended. Many are now seeing a turnaround time of 20 weeks at minimum, with some waiting longer.
Why Is My Employee Retention Credit Refund Delayed?
Due to staffing and post-pandemic issues, the IRS is severely backlogged on almost everything.
The ERC backlog isn’t expected to clear up anytime soon. As of the end of last year, the IRS had 3.7 million unprocessed Forms 941X due to ERC filings along with normal quarterly filings.
ERC Filing Deadline
There Are Two Deadlines — If you have not yet filed for your ERC Tax Credit.
April 15, 2024
for all quarters in 2020
April 15, 2025
for all quarters in 2021
Some Of Your Questions Answered …
How do I apply for ERC?
- Step 1 – Watch the 5 Minute Video and Enroll with Jorns & Associates — WATCH & ENROLL HERE.
- Step 2 – Work with your Jorns assigned contact and submit documents for 2020-2021 payrolls and business impacts caused by COVID-19 mandates.
- Step 3 – Jorns submits your Amended Return … The IRS approves the return and provides your ERC refund.
What are the key differences between ERC & PPP?
ERC
- The Employee Retention Credit is a tax credit given in the form of a check by the IRS that does not need to be paid back.
- Due to IRS backlog, receiving ERC funds can take 20 weeks at minimum.
- ERC is a deduction and refund you take on your quarterly tax return. However, fees may be associated with your ERC tax filing service.
- ERC funding is still available, while PPP ended in May 2021.
PPP
- The PPP was a forgivable business loan, that if used correctly, such as to fund payroll or pay rent, did not need to be repaid.
- Funds were directly deposited into a bank account, usually within a week of loan approval.
- There was no upfront cost for the PPP. Cost was only incurred if the loan wasn’t spent according to the loan term.