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Matt Smith Profile picture
Matt Smith
@SmithMatthewC
Husband to @arianakukors. Wahoo, Longhorn, and CPA. Loather of PTPs. Proponent of #SimplifyingTaxes and #TaxRants
Oct 16, 2021 • 7 tweets • 2 min read
As much of a relief as it is to have this nightmare filing season behind us, I don't think workload wise it's going to get much better just on its own. A few reasons why:

1 - The ERC. This shitshow of a credit will haunt us next year for a variety of reasons.

1/ 2 - Residual from PPP. Those that didn't run it through in 2020 now will. Those that did will likely need to account for forgiven interest.

3 - EIDL issues. Payments will start kicking in. Enforcement will likely tick up. At-Risk nightmares continue to plague taxpayers.

2/