We have to amend 941 ERC due to affiliation rules and pay back money for the 4th qtr of 2020. We also can amend the 2nd qtr of 2020 and get a refund.
Does anyone have any experience with requesting the IRS to apply the amount owed to the earlier amount we have due to save the client from writing a check now, then waiting on a refund later. Also, I would love this to help on penalties charged on the amount owed.
Thanks for any consideration!