FAQ » setc-enterprise-program

Your SETC refund is not taxable, it is treated as an over payment refund. The interest applied by the IRS would be considered income.

There are several factors that can cause a difference between our certified credit amount and the self-calculated amount:

  • If you incorrectly put a different amount for your SE Line 6 versus what was on your tax return
  • If you claimed children / dependent impact yet do not have any children listed on your submitted tax return the credit cannot be claimed
  • You already claimed the credit for one or both periods thus making some or all of the claim ineligible.

We not only ensure that we exceed the IRS’s KYC (Know Your Customer) compliance but also must ensure we meet the bank regulatory requirements for the treasury services and advance lending services.

  • This includes Facial Scans, ID Verification, Geolocation, SSN check, DOB check, Fraud and Sanctions lists reviews utilizing SOCURE, and the major credit bureaus

  • We not only provide a program but have done so compliantly to ensure its long term success for our clients, affiliates, and Company

Then you will not be eligible for the advance and automatically moved into the standard Treasury services program

Then unfortunately we are unable to process your file

16-20 weeks is the stated time but they are currently taking significantly longer than 20 weeks

Absolutely not! Having multiple attempts to complete the SETC will trigger our fraud risk and prevent someone from having the opportunity to get their file completed.

No, if you do not owe back taxes, your refund check will be sent to you. Should you owe the IRS back taxes the credit will assist you in repaying those balances.

Often claimants look at the new 1040 line 34 or 37 but they should look at the 1040x Line 22 which is where you will find the refund due.

The SETC is a specialized tax credit designed to provide support to self-employed individuals during the COVID-19 pandemic.

It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances. This credit can be a valuable resource for eligible individuals to help bridge financial gaps caused by unforeseen disruptions.

Almost everybody with schedule C income qualifies.

  • Sole Proprietors
  • 1099 Contractors
  • Freelancers
  • Single-member LLC's
  • Gig Workers
  • Other Self-Employed Workers

A self-employed worker may be eligible for up to $32,220 in tax credits from 2020 & 2021. Click Here to begin our simple process to calculate and claim your credit less than 20 minutes!

We make the process simple and easy. If you have your Tax returns you can complete the process in under just 20 minutes. First, create your free account in our secure client portal. Next, you provide some information so that we can calculate an estimate of your credit. Lastly, you upload your tax returns through our secure upload and we handle the rest!

Your filing is handled by our expert legal partner Sichenzia Ross Ference Carmel LLP. With an unparalleled team and years of experience and dedication, you can rest assured your claim is handled with utmost care and integrity.

You may still fully claim this credit until April 18th 2025 and both spouses are able to claim this credit so $64,400. The first period is 1/1/21-3/31/21 and the second period is 4/1/21 – 9/30/21.

IRS will apply interest to the SETC refund check like how they apply interest when you owe. This compounds and the rate is set quarterly by the IRS. This program retroactively applies interest back to the original 2021 filing. https://www.irs.gov/payments/quarterly-interest-rates

Yes this program is completely separate and is based on the 1099 income that an individual made during the 2020 and 2021 period.


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