2023 August ERC Ask the Expert: The Enrolled Agent's Role in Reducing ERC Fraud and ERC Update - Sponsored by Raistone

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2023 August ERC Ask the Expert: The Enrolled Agent's Role in Reducing ERC Fraud and ERC Update - Sponsored by Raistone

IRS Program #: coming soon!
CTEC #: coming soon!
CE: 1 IRS/1 CTEC credit
Speakers: Lisa Sunderman & Larry Pon

We have been hearing the commercials telling us that you are entitled to $26,000 per employee for the Employee Retention Credit (ERC).   Your clients are telling you all their friends have gotten money from the ERC so they should also get this money.  Some of them have even taken these company's offers to take advantage of the ERC.   Do your clients qualify for the ERC?   What is the latest guidance from the IRS?  More importantly, what is the guidance from the IRS Office of Professional Responsibility (OPR)?   In this seminar we will review the latest guidance from the IRS and learn what we should do when our clients confront us about the ERC.  More importantly, how do we respond to the IRS audits on ERC?

Learning Objectives:

Learn about the IRS most recent guidance regarding the ERC.
Learn about our Circular 230 responsibilities regarding ERC from OPR.
See how to spot signs of an ERC Scam.
Review the latest IRS FAQs on ERC.
Learn how to prepare for an IRS ERC audit.

Contributors

Lisa Sunderman, Director Enterprise Risk Management (ERM) at Raistone

Lisa Sunderman serves as Director Enterprise Risk Management (ERM) at Raistone. She is responsible for evolving the governance and reporting pillar within the broader ERM function by creating a formal ERM Framework. Prior to joining Raistone, she served as SVP Enterprise Risk Management for a credit union that grew from $1.2 billion to $4.2 billion in assets under management. While there, Lisa developed and implemented integrated risk dashboard, risk assessment, and internal audit processes.

She has more than 25 years of experience in designing and leading implementation of risk assessment, financial controls, and prevention measures. Her wide knowledge across broad risk categories comes from her experience leading enterprise risk and internal audit teams in the Farm Credit, insurance, publicly traded community bank, and credit union industries. She is known for her ability to create systems to identify and understand risk then ensure adequate mitigation is in place to enable opportunity. Lisa is a CPA with a degree in Accounting from Central Washington University and an MBA from Gonzaga University.
Larry Pon, EA, CPA, CFP, EA, PFS, USTCP, AEP

Lawrence Pon is a Certified Public Accountant (CPA, Certified Financial Planner (CFP), Enrolled Agent (EA), Personal Financial Specialist (PFS), US Tax Court Practitioner (USTCP) and Accredited Estate Planner (AEP) in Redwood Shores, CA.
Mr. Pon has been in practice since 1986 and speaks regularly to tax professionals on the latest tax planning and preparation topics.
Mr. Pon received his BS in Business Administration from UC Berkeley and an MS in Taxation from Golden Gate University in San Francisco, CA.

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Contributors

Lisa Sunderman, Director Enterprise Risk Management (ERM) at Raistone

Larry Pon, EA, CPA, CFP, EA, PFS, USTCP, AEP