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AICPA News – July 2025

CPA Practice

In parallel with his public service, he is in the early stages of co-founding an estate planning and estate tax firm alongside his wife, who is also a licensed CPA. Chilcott holds both a Master of Business Administration and a Master of Accounting from the University of Hawaii at Mānoa. Form 709, U.S.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit. ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

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