MONEY NOW AVAILABLE FOR ALL SELF-EMPLOYED
Retroactive COVID Relief Funds
Finally, COVID Relief is Available With No Upfront fees
At CRES, our business is to protect yours. Part of that is to make sure you take advantage of tax-credits that might be missed. Families First Coronavirus Response Act (FFCRA) is a tax-credit of up to $32,200 for missed work; not a loan, PPP or ERC. Previously it was only available to companies who paid sick/family leave time to their employees due to COVID, it’s now extended to the self-employed.
Qualifications: You reported Self-Employment Income and any of the Following Occurred in 2020 and/or 2021
- You were subjected to a lockdown
- You had Covid or quarantined
- You tested for Covid or were vaccinated
- You had a child home from school due to lockdowns
- You cared for someone else who was sick or at-risk
To utilize our platform, you must have reported self-employed income on your Schedule C (of your 1040 Tax Return) in either 2020 or 2021 and had your income impacted by COVID in one of these ways:
- You had Covid and/or quarantined
- You took time off to be tested or get vaccinated
- You missed work due to a reaction from the vaccination
- You were subjected to a Government lockdown
- You had a child home due to school closures
- You cared for someone else
FFCRA Calculator
How It Works
There are just a few quick and easy steps to claim the money you are legally entitled to —so let’s get started
Complete our online application
All you need to do is fill in the required fields and upload your Tax Returns.
We'll calculate how much you're owed
Once you have completed step one, our accountants will calculate your legally entitled tax credit.
E-sign the agreement
E-sign our service agreement that will authorize our accountants to prepare your filings with the IRS to secure those retroactive funds.
Print,Sign & Return your docs
We'll prepare and email the finalized documents which you will print, sign and submit directly to the IRS with our pre-paid postage to ensure tracking/delivery.
Get your tax-credit within 20 days
Receive your money in less than 20 days via our interest-free Advance OR wait the average 20 weeks for the IRS to process your payment.
Frequently Asked Questions
IS FFCRA REAL?
YES!!! But don’t take our word. Go directly to the IRS page to read more about this program. Here is their link with further information: https://www.irs.gov/newsroom/tax-credits-for-paid-leave-under-the-american-rescue-plan-act-of-2021-specific-provisions-related-to-self-employed-individuals
Who is qualified?
Any 1099 independent contractor, booth/suite renter, and self-employed individual may be qualified to receive FFCRA funds. To qualify, you must have filed a Schedule SE as part of your 2020 and/or 2021 1040 Tax Returns, which reports your self-employed income.
Can my spouse and I both apply if we are both self employed but file taxes jointly?
YES! If you both file a schedule SE, you can both file for the refund. However if all the income is reported under one person, only they will qualify for the refund.
How do I claim my FFCRA funds?
We have created an online and automated system for you to easily submit your claim directly with the federal government for these funds. You just need to have filed a Schedule SE as part of your 2020 and/or 2021 1040 tax returns (to verify your self-employed income) and have a driver's license or other official photographic ID (for purposes of verifying your identity).
Do I need to pay back the FFCRA funds I receive?
No. This is not a loan. These funds have been allocated to the FFCRA program by the federal government and will not need to be paid back.
Are there requirements for how FFCRA funds can be used?
No. FFCRA provides money for Self-Employed/Independent Contractors to be used without restrictions.
What is the Fee for this service?
There is a 20% fee that is collected when you get your Tax Credit.
