Client has quarterly earnings as follows:
Q1 2019 - $100,000
Q2 2019 - $100,000
Q3 2019 - $100,000
Q4 2019 - $100,000
Q1 2021 - $46,000
Q2 2021 - $35,000
Q3 2021 - $81,000
Q4 2021 - $75,000 - (Estimated)
The client is qualified for the ERC in the 1st and 2nd quarters of 2021 using both the original and alternative gross receipts methods.
The client is qualified for the ERC in the 3rd Q of 2021 because of Q2's qualification.
MY QUESTION: Does the client qualify for the ERC in the 4th Q? As noted in section III.C. of Notice 2021-23, the determination of whether an employer is an eligible employer based on a decline in gross receipts is made separately for each calendar quarter. Because Q3 qualified under the alternative method, can Q4 qualify on its own gross receipts decline?