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To determine if your business qualifies for $26,000 per employee from the government, there are two approaches. First, you can use Tax Form 941X to file an amended tax return. This involves calculating total wages, tips, compensation, taxable Social Security, and Medicare wages, as well as comparing quarterly revenue year over year. You will need to calculate the potential ERC amount for each individual quarter over the last two calendar years. Alternatively, you can answer six simple questions and let Lindio handle the process for you.
