Chicago Auto Trade Association

If you received ERC funds without having the requisite reduction of revenue, read the article linked below for the escape plan.

Here’s a summary:

This IRS program requires qualifying businesses to repay 80% of their ERC claim received.
Employer must provide names, addresses, and phone numbers of the claim preparers.
No penalties or interest will be charged.
You can request an installment agreement if you can’t repay the required 80%.
Participation in this ERC voluntary disclosure program requires submission of Form 15434.

Click here for more information.

Chicago Automobile Trade Association
18W200 Butterfield Rd.
Oakbrook Terrace, IL 60181
(630) 495-2282

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