IRSplus - SETC Tax Credit

IRSplus is a leading tax compliance accounting firm specializing in the Self-Employed Tax Credit (SETC). The platform assists self-employed individuals and sole proprietors in claiming tax credits related to COVID-19 disruptions. With a focus on providing a risk-free experience, IRSplus ensures clients can expedite their claims while maintaining compliance with IRS regulations.

1. SETC Calculator

   IRSplus offers a user-friendly SETC calculator that helps clients estimate their potential tax credit based on their self-employment income and qualifying days affected by COVID-19.

2. Flexible Payment Options

   Clients can choose between paying upfront at a discounted rate or opting for a pay-after model, ensuring no upfront fees are required.

3. Guaranteed Approval

   The firm boasts a 100% success rate in securing SETC claims, backed by a money-back guarantee if the tax credit is not received.

4. Audit Protection

   IRSplus provides audit defense protection and professional liability insurance, ensuring clients are safeguarded against potential audits.

5. In-House Processing

   All applications are processed in-house by licensed tax professionals, ensuring compliance with IRS standards and minimizing errors.

6. Real-Time Updates

   Clients receive real-time updates on their application status through an online portal, email, or text messages.

1. Gather your 2019, 2020, and 2021 tax returns.
2. Use the SETC calculator on the IRSplus website to estimate your potential refund.
3. Complete the qualifying questionnaire to determine your eligibility.
4. Upload necessary documents, including your driver’s license and tax returns.
5. Sign the client agreement electronically to initiate the filing process.

What is the Self-Employed Tax Credit (SETC)?

The SETC is a tax credit designed for self-employed individuals who experienced income loss due to COVID-19. It allows eligible individuals to claim refunds for taxes already paid.

How do I qualify for the SETC?

To qualify, you must have self-employment income during 2020 or 2021 and meet specific COVID-related criteria, such as quarantine or caregiving responsibilities.

Is the SETC taxable?

No, the SETC is not considered taxable income, making it a beneficial financial relief option for self-employed individuals.

How long does it take to receive my refund?

Typically, clients can expect to receive their SETC refund within 8-12 weeks after filing.

Price data is not explicitly provided on the website. Clients are encouraged to contact IRSplus directly for detailed pricing information regarding their services.

1. Strengths: IRSplus offers a comprehensive and user-friendly approach to claiming the SETC, with a strong emphasis on compliance and customer support. The flexible payment options and guaranteed approval are significant advantages for clients.

2. Areas for Improvement: While the firm provides a robust service, clearer pricing information upfront could enhance transparency. Additionally, expanding educational resources about the SETC process could help clients better understand their eligibility and the filing process.