The deadline to submit ERTC clients was April 15th.
There is no further Lead Generation and Subagent registration for the ERTC.
The deadline to submit ERTC clients was April 15th.
There is no further Lead Generation and Subagent registration for the ERTC.
(Raw transcription; not proofed for grammar or spelling.)
Click here for Google Doc of the transcript.
0:03
Hey, hey. What’s going on everybody? Good to see everyone. Hey, Kevin what’s going on? Carl, I agree buddy. I 100% agree. We’re allowing a couple people to jump in here real quick and we’ll get started. We had an agent call me yesterday and tell me he had two deals and we were putting them in right now so that’s a cool email we might want to share. Vanessa, Nicole, I just saw come over. I mean the good news is that everybody in the camp, I mean, they’re ready to go so if you get a deal over, honestly, I would file them up until the 15th.
2:08
I mean, if you have an opportunity, you know, I wouldn’t go spending money on paid ads on the 15th.
2:14
But, you know, over the next week, deals that come in, I would just, you know, the second they come in, reach out to a support ticket or reach out to me and let us get you like Andy Lowry hit us up with two deals yesterday.
2:27
I immediately put him in touch with Mark Lombardi and Mark’s White Glove and his customers through right now, Because the holdup, just so everybody knows, the slowdown has never been us processing the deal.
2:43
The slowdown is your customer uploading the correct information.
2:49
That’s always been kind of the snafu or the snag, right?
3:01
Hey, Nicole, if you don’t mind, you want to share that story in that email I just got a copy of?
3:08
I thought, I think that’s kind of cool.
3:12
Sure. Can you hear me?
3:14
Yes, I can hear you.
3:15
Okay. So this came from Jim Martin.
3:22
I’m just going to read the e-mail.
3:24
He said, Hi Nicole, Jim here, a message from everyone within the ERTC offices involved in the process of getting everything finalized for my client, Alto Cafe.
3:34
I spent a good amount of time promoting as an agent, talking to people and sending hundreds of emails and manually handing out flyers to restaurants, etc. Most people would not believe it was true.
3:47
Even the owners of Alto Cafe thought it was a waste of time and effort and thought it was probably a fraud the whole time it was being processed, almost two and a half years in the making.
3:57
It was difficult for them to keep motivated to proceed with the paperwork involved and get it all finalized.
4:04
I got burned out and I promoted it.
4:07
I haven’t heard from them nor have I tried to contact them since they had received their refund.
4:13
Out of the two or three clients I ever got for my efforts, Alto Cafe was the only one that qualified and proceeded with the paperwork.
4:22
As sad as it is, the commission I received today as a result of my efforts could not have come at a better time in my life.
4:29
COVID and other circumstances led me to use up all my savings and I was literally as of Today, when my commissions arrived in my bank account, down to $133.41 plus $50 in my savings account.
4:43
No retirement other than Social Security.
4:45
Paycheck to paycheck is how it’s always been for me the past three and a half years.
4:50
All I can say now is praise God for this much needed boost and thanks to all of you at ERTC for your diligence in getting this done.
4:58
I had honestly given up on it myself until the miraculous phone call this morning from ERTC.
5:07
Thank you.
5:08
Thank you.
5:08
Thank you.
5:09
What a blessing it is to me and my wife.
5:11
God bless you all.
5:12
Jim Martin.
5:15
Nice, right?
5:16
Very, very cool.
5:18
And I’ll tell this to all of y ‘all.
5:20
It’s nice for the agents to feel appreciated and the girls in Atlanta, right?
5:26
That goes a long, long way.
5:28
And I so appreciate that, Mr. Martin, for sharing that.
5:34
All right.
5:35
Also, hang on.
5:36
Let’s see.
5:37
I saw a huge amount of commissions going out.
5:41
And I wanted to mention, let’s see here.
5:49
It was like last week.
5:50
Hang on.
5:51
I just had it pulled up on my thing here.
5:54
Tom Fry, Don Michalski, Kathy Burnell, Ron Olson, of course.
6:02
Ron, you’re on here. Thank you, buddy.
6:04
Kevin, good job, buddy.
6:08
Got you a nice commission.
6:09
Steve Cook, Ray Powell, who’s become a great friend of mine over the past few years.
6:14
He’s not really on these calls, but he’s there.
6:16
Steve Hirsch, I talk to Steve quite often on the phone every once in a while.
6:21
Also, Dara, and pardon me if I don’t pronounce your name right, Cicero Ali right good job there I see you on these calls all the time Tony, Joseph, Ethan. Right, Jeff, yo and it’s at all who a lot of you know right Sean V alone to a Durin Nora nigh Jim Martin who we just talked about right tons of commissions went out tons of commissions went out last week I think almost 200 grand I told each and every one of you right I told each and every one of you that this was gonna come to an end and when it does come to an end a lot of you’re gonna have some regrets right last week I threw some money out right all you had to do is hold yourself accountable in the group how many people held themselves accountable in the group well let me help you one one person I’m I’m glad I was able to motivate you.
7:29
Hey, Syd, I actually have a couple of commissions that will be going out as of today, but I’m sure it’ll be more to come.
7:40
It’s a lot of money coming in, you guys.
7:43
So right now I see Bjorn, Paul Packer did get a commission Friday as well, and also Kim Olson.
7:55
And let’s see, I see Steve Damaris, Steve Brands, Andrew Wong, Ronnie Lance, who is a sub agent.
8:04
I do see a couple of payments for you too, Syd. So that’s just for today.
8:09
They’re coming in hot, you guys. So congratulations. Yeah, that’s awesome. That’s absolutely awesome.
8:24
You know, as far as, you know, the last day to send in a deal, I mean, I can tell you, as long as it’s not, I mean, it’s probably best we put a cutoff date, but they’re really on a cutoff date.
8:35
If we can get it processed, we’re going to process it.
8:37
That’s the truth.
8:39
Right?
8:39
This is a once in a lifetime opportunity, and we’re not going to leave one soldier behind.
8:44
That’s just the facts.
8:46
So happy birthday, Tina.
8:57
Happy birthday.
9:00
It was a milestone age.
9:02
Well, did your insurance get discounted?
9:12
I mean, that’s really the only thing we got to look forward to after 25 years old is cheaper insurance.
9:20
I mean, maybe 62 because you can finally get Social Security, right?
9:27
Crazy.
9:29
Happy birthday, though.
9:37
How do we call?
9:41
He had my cell phone number from the past when I closed some of his deals or worked with him on some stuff, him and his son or whatnot, but send me a DM if not.
9:51
and I’m not a hundred percent sure yet John we’re not a hundred percent sure we’re working on a few things but it’s got to be right before we before we launch it the timing might be a little off unfortunately hey Alex good to see you Mo Alex whichever one one of the hardest working agents in this thing mo and Alex no questions asked they quit recess they quit school because I appreciate you both, you guys, man.
10:40
Hey, Syd, let me answer Alex’s question.
10:44
He’s asking, does all the paperwork for the customers or the paperwork to the IRS have to be in by 415?
10:53
The amended 941s have to be at the IRS on 415.
11:00
You won’t be able to submit documents on the 15th because the CPAs may not have time to calculate the date of submission. Yeah, I know the IRS sometimes if it’s post stamps before 415 is that or it’s not like that anymore. It’s digital, huh?
11:20
Yeah, it is a post stamp.
11:21
Everything has to be mailed on that date. But if the client submits their documents on 415 I know the CPAs are going to be swamped with making sure everything gets sent out.
11:36
So Alex is best to try to get it in as soon as possible.
11:40
So we can make sure they have all their documents done.
11:44
Those eligibility analyses are done.
11:48
Because we want to make sure we get them the most right, based off of their information.
11:55
So we have to make sure everything is submitted.
11:58
But it is possible. I’m not going to say it’s impossible. It’ll just be very hard.
12:13
Absolutely. Scarcity always works. It works in every scenario. Really does.
12:26
How many people are finding it hard to hold on to their crypto right now with the copy market?
12:39
Gotta believe.
12:42
I have a prediction with what’s going on right now.
12:50
I don’t want to get political at all, but I have a prediction of what’s going on in the market, in the world that you’ll either agree or not agree.
13:01
But I’ll run this by you real quick just to give us something to talk about for a second.
13:09
Did you know that 90 percent of stock is owned by eight percent of the country?
13:16
The top 8% obviously, right?
13:19
Well, we all know straight up, the middle class is the backbone of America.
13:27
And if we don’t strengthen the middle class, if we keep separating the classes, it’s not good for any of us, right, because it’s just not good.
13:40
So, in 1970, do you know how many hours, minimum wage hours, you had to work to buy one share of the S &P?
13:52
Anybody have a guess?
13:53
How many hours did you have to work just to buy one share of the S &P?
13:56
The SPY, SPY, that’s what they’re called, S &P being the top 100 companies in the United States.
14:05
How many hours did you have to work?
14:09
You’re exactly right, Jared, 20 hours.
14:13
Today, minimum wage to buy one share of the S &P, you’ve got to work 60 hours, right?
14:20
So what is that telling us?
14:23
It means that the stock market has been pumped with so much equity, right, and buy pressure, unfortunately, it’s actually created that much of a separation gap between the ordinary everyday working man or woman to be able to get involved.
14:40
So in reality, even though it sucks watching the market get so unpredictable lately, I’ve got to be honest with you. I hope it gets cut in half.
14:52
And the reason why is because I want that other 90%.
14:56
I want the 8% to be able to afford to buy at least shares, because that’s what you buy to complete combat inflation, right? I want them to be able to buy that.
15:09
Now I’ll go even further on a prediction.
15:14
Imagine if the interest rates get cut, the rate goes down, they refinance the debt, and then they stop charging federal income taxes on under $150 ,000 employees and bring through trade war we’re in, bring the manufacturing back to the United States, what’s going to happen?
15:48
Remember who you heard it from? What was Galloway talking about it to?
15:53
I’ve heard a couple people talk about it. Yeah.
15:56
But if that happens, and let’s just, you know, cross our fingers that that would be a beautiful thing, right?
16:01
That would be awesome, because that would strengthen the middle class. One, two, it would start eliminating debt instead of accumulating debt. Right.
16:13
And just get ready. Hold on. Hold on. Hold on to the rocket ship.
16:17
Because if and when that happens, it will absolutely explode. Yeah. Diamonds.
16:27
You know, Diamond is a smart guy, Kevin. I totally agree.
16:30
Although given his position, you know, his job is to sway the market, right?
16:37
So sometimes I question some of these top hedge fund managers or even, you know, big bank managers like that.
16:44
I really, really, really, really, really, really, really, really I’m scared of what they say.
16:52
You know, they say, oh, they don’t, you know, he didn’t believe in Bitcoin at first, right? I guarantee you that’s when his *** was buying it up.
16:57
You know what I mean? Like those people are crooked.
17:01
When you get to that level, your motives and manipulation are awful. And I just don’t like supreme beans.
17:09
That’s why I like Bitcoin even because there is not supreme being.
17:16
But can you please repeat for me the last time without further charges from the 15th?
17:22
You mentioned the portal should be monitored.
17:26
Can you please repeat the last time to submit all docs?
17:28
Listen, if you want us to give you a cold day, I’ve already told you they’re going to submit them if they can submit them.
17:35
but there’s not gonna be a cold cutoff.
17:37
We just did one yesterday and got it through.
17:43
Reggie, I don’t think you can get hurt investing in gold.
17:46
Honestly, and I’m not here to give financial advice, let’s make that clear, but I don’t think you can get hurt investing in gold.
17:54
I don’t know that I wanna buy gold that somebody else holds.
18:00
I think personally, the best way to invest in gold is to buy raw, like I have a $12 ,000 change, on.
18:08
Not because I want it for that reason, but it’s just something great to sit on and you enjoy it while you have it. So that’s kind of the way I like to invest gold.
18:16
I wouldn’t go buying gold spies or gold ETFs or anything like that personally.
18:25
But gold’s always safe, but the market cap can also get diluted like they did in Uganda where all of a sudden they found a bunch of it.
18:31
Collector coins, you got to be careful.
18:33
Just like the 1903S Morgan dollar, they found a whole three bags of them in an old bank in New Mexico and released them.
18:42
So you just got to be careful of anything like that with precious metals. Anytime there’s money and things, there’s manipulation, unfortunately.
18:51
That’s the truth.
18:55
But I do think right now with everything getting cheaper and cheaper and cheaper and cheaper, try and accumulate as much as you can what you can.
19:06
Does that mean you can still receive applications on April 16th? Of course not.
19:10
Absolutely 1000% not. This is over. This is over next week on the 15th.
19:16
This whole party will end. And I’m not even recommending you to try and submit a deal on the 13th, 14th or 15th.
19:28
But if somebody called you and said, oh man, I want to go in, call us. We will try and process it.
19:35
That’s all I’m telling you. Does that make sense?
19:39
That am I making sense to Lisa or should we give them a cut off date?
19:48
No, you’re making sense to me said, cause anything can happen in a day.
19:52
Like you said, so push them through as much as you can.
19:57
We’re going to absolutely try our best.
20:07
Oh, said I, I left a name off.
20:10
I’m so sorry.
20:11
I did want to also shout out Alex Mitchell who will also be receiving a commission, one of his deals.
20:22
He left Alex.
20:27
Well, I’m still working on him while we’re on the call.
20:30
So I just saw it and I want to make sure he knew he should.
20:34
Oh, my gosh. I didn’t hear my name announced.
20:38
I’d be freaking out right now.
20:40
The torture. Sorry, Mo.
20:52
You need to send in a support ticket, Gray-Dray, if you did your own company.
20:57
I’m sure a lot of you, that’s probably what you did, but I don’t know.
21:07
I knew he’s wrapped up with a bunch of stuff with the school board this week.
21:11
I’ve only talked to him once, twice, just in quickness, so I don’t know.
21:18
I know we’re working on a few things though.
21:30
No, I don’t think you could extend your taxes and file these, to be honest.
21:36
There’s a clear cutoff date in the American Recovery Plan.
21:47
Listen, if there’s a deal on the table and we can process it, we want to, but do I feel sorry for people that wait this many years to do it in the last day?
21:58
Not really. I hate it.
22:01
Do what we can, but I don’t feel empathy or regret or shame, or like I didn’t push my hardest, right?
22:12
****, I lived in a hotel in Tampa for a year and a half just to do what I could for the world on this.
22:23
My best friend was a squirrel at the pool.
22:33
Like powdered eggs in the morning, it wasn’t the best thing in the world.
22:40
Syd, is the 914 the doc needed?
22:44
I’m not sure what your question is, to be honest.
22:56
Are you talking about the docs you need to submit to process the deal?
23:05
Michael, I mean, that’s going to happen.
23:08
A lot of people are terrified, especially if they got away with pushing the envelope on their taxes.
23:13
I mean, would you really want to open that back up?
23:18
Because in reality, that’s what’s happening.
23:23
Do you have any times when we talk to a customer and you just couldn’t talk sense to them and they just didn’t want to listen to what you’re saying?
23:29
And the truth be known, they didn’t want to say, dude, I cooked the books that I got away with.
23:37
That’s the truth.
23:42
Just remember, 65% of people don’t file proper taxes.
23:47
That’s more than half.
23:54
Jennifer, good question.
23:56
What about the clients who’ve paid upfront and are waiting on funds?
24:00
Do they have to just wait for the IRS to pay them?
24:02
Yeah, that’s pretty much it.
24:05
They have to wait for the IRS to pay them.
24:07
And I think it sucks because one, this is to help people that did the right thing at a bad time in 2020 and 2021, right?
24:17
I mean, that’s three, four years ago.
24:20
Two, it doesn’t mean we didn’t do our work.
24:25
It’s because the IRS doesn’t pay them, doesn’t mean we didn’t do our services.
24:28
We still took on the cost and expense to help them push through to that part also.
24:34
So the only pain pill of the whole thing is a lot of the payments coming in and Delisa you see this are coming in with interest on them, right?
24:47
Yeah, absolutely.
24:49
All of the quarters of checks that are being processed are coming in with And also, Jennifer, everybody’s waiting on the IRS.
24:58
We’re still tracking those deals.
25:00
Just because the 15th is coming doesn’t mean we still won’t be tracking those deals.
25:05
We pull transcripts once a month.
25:11
Alex says he’s got two SETC clients to pay the fee.
25:16
They haven’t paid their fee yet?
25:19
They need to, if they want to try and process it.
25:29
The one thing that’s really critical, and I hope all of you and I think all of you are smart enough to do this is when when somebody is frustrated that the IRS has not paid them yet, don’t don’t let them or don’t encourage them or don’t support the idea that it’s us sitting on their money.
25:46
It’s not us. It’s the IRS.
25:49
It’s very, very important not to erode that understanding, because when you do, you’re letting the dogs out.
25:59
Right. And that’s why some people are having problems with people paying their fees at all. Now they receive the money and they’re also they get amnesia on whether they should pay us because it took so long.
26:10
Right. As if we didn’t process the work in a proper timely fashion. We’re waiting on the IRS also. It’s very, very important that you understand that and you make the customer understand that.
26:22
If you let them, if they start questioning, well, is this company doing this?
26:27
Well, I don’t know.
26:27
I just signed up with them.
26:29
You know, if you start that, you’re just creating your own problems.
26:32
And some of you have done that.
26:34
I don’t, a lot of you, but some, um, um, Chris sent in a support ticket.
26:42
They’ll get you in touch with me, send in a support ticket and Nicole Jalisa, if anybody sends in that support ticket, you know, immediately just call me, give me your number and your phone will ring. I’ll be calling you.
26:56
I am not one person who’s ever afraid to pick up the phone and call anybody. You won’t get an email from me.
27:06
You’ll get Uncle Syd on the line breathing. Especially right now. Let’s just deal with it.
27:16
All right. Let me include something with that, Syd.
27:21
If you do send in a support ticket and you I want to call you please provide your phone number don’t assume that we have the correct number for you.
27:28
Include your number in a ticket so we can give it to sit and what exactly you need before we pass the information on.
27:38
And let me back you on one more thing. So, you stated about not, you know, encouraging a client to say that ERTC is sitting on their funds.
27:50
Now, we are tracking everything, but it would be great to encourage the client to say, hey, let me check on that for you.
28:00
Get with support.
28:01
We will give you an answer and check to make sure everything is in processing.
28:06
Or what I found helpful is advising the client to contact the IRS, because one, the IRS is that entity that’s processing their claim.
28:18
they can confirm they have everything and we’re just waiting on them. Everybody is.
28:28
Donnelly says, are we notified when a prepaid client gets their payment from the IRS?
28:35
Most of the time, but not always, right?
28:37
I mean, to go through the lockbox, we definitely are.
28:43
If we have access to the client’s transcripts, then because we are pulling transcripts every week, we’ll be able to see if they’ve gotten a refund issued.
28:54
And Jalisa said direct the client to the IRS, make sure that if you choose to go that route, that they’re calling about their business payroll taxes, it’s the same number, 829-1040 for business and personal.
29:10
So we don’t have this issue where they’re saying, well, we don’t have your tax returns.
29:17
We want to make sure that they’re calling and they’re selecting the option for their business payroll taxes.
29:24
If we do have sight of them, if we have an active 2848 on file and we are pulling every week, if you want to submit a support ticket first to see if we can see where the return is, I would probably recommend that then rather than having them call the IRS.
29:43
I’ve had to call the IRS a few times and there’s only been one time that my hold was less than 15 minutes.
29:50
Every other time is 45 minutes to an hour and a half, so that’s painful.
29:56
Yeah, that’s painful. It’s a long, whole time.
29:59
Yeah. Chris says, uh, Assetse Prospect, who, who was interested, said she decided not to file.
30:12
She didn’t make enough in 2020 and 21 to make it worth it. Does that make sense? Yeah, it makes a lot of sense.
30:18
In my case, and I’m just shooting it straight, I found a lot of people claiming that they made a lot more money.
30:22
Our estimator gave them an estimate, and then when we pulled their taxes, they told the IRS they made less money, and then they wanted to hold us accountable to what money they did make to pay them out of the money that they told the IRS they made, and it caused a lot of grief.
30:42
I found sets used to be tough, but I know a lot of you-all made a ton of money off of them.
30:54
All right. We’re good to go.
30:57
Let’s get together and we’ll talk again next Wednesday.
31:01
Guess we’ll be 15th, right?
31:05
Am I looking at it right?
31:08
Yeah, no, we will be closed on the 16th, so we won’t have a call on the 16th.
31:18
Thanks for me now.
31:21
Yes, Brian.
31:23
Yeah, we’re going to be closed.
31:25
That’s our refresher day.
31:28
All right, so now I’m able to plan something.
31:31
Thanks for giving me a week’s notice.
31:35
You can blame Brian for that.
31:38
No, no, I’m not here to blame.
31:40
I roll with the punches.
31:42
I’m a jellyfish.
31:43
All right.
31:44
Rock and roll everybody.
31:45
Thank you so much.
31:46
See you Julia, Kevin, Michael.
31:47
Thank you.
31:48
See Andy.
31:50
I’ll let me, if you need anything, brother Tina, happy birthday.