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Attorney Employee Retention Tax Credit Refunds for Law Firms

  • May 22, 2023

LOS ANGELES, CA / ACCESSWIRE / April 30, 2023 / The Employee Retention Credit (ERC) tax refund for attorneys, lawyers, law firms, legal practices, and other professional legal service type businesses provides a valuable tax refund from the Internal Revenue Service (IRS). Almost all law firms in every state qualify a portion of the eligibility period due to mandated court shutdowns, suspension of court operations and jury trials, that happened in every federal, state, county, or local city government judicial court system. Even if your firm revenue didn’t decline, or it even increased, under the closure and partial shutdown rules, most law firms may still qualify for up to a $26,000 to $33,000 tax refund per attorney, lawyer, paralegal, and other employees on the firm’s payroll in 2020 and 2021.

Disaster Loan Advisors, Sunday, April 30, 2023, Press release picture
Law firm partners, lawyers, and attorneys are missing out on a potentially large Law Firm Employee Retention Credit Tax Refund by not fully understanding how and why they qualify. Image Credit: StockStudio44 / 123rf.

How Most Law Firms Qualify for the Employee Retention Credit (ERC)

All law firms may be eligible to claim the tax credit;elm:context_link;itc:0″ class=”link “employee retention tax credit in 2022, 2023, and even 2024, “if” they qualify any portion of time between March 13, 2020 to September 30, 2021 for law firms that were around prior to the COVID pandemic. For law firms and legal practices that were started or purchased after February 15, 2020, those law firms are eligible from the time their legal practice opened until December 31, 2021. These types of law firms and attorney law practices are also referred to as a recovery startup business, and qualify for the 4th quarter of 2021.

Two Key Ways Law Firms Can Qualify for the Employee Retention Tax Credit (ERTC)

Law firms only need

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