In this Zoom live video conference, participants will learn section 280C, Reg. 1.280C-1, and Notice 2021-49 all relating to WHEN a deduction for wages paid in 2020/2021 must be reduced by a claim for the employee retention credit (ERC) that is filed in 2021 or thereafter and which is based on those very same wages. After we discuss what appears to be the technically correct answer to this question, we will discuss whether an amended return necessarily has to be filed by a taxpayer and who ultimately is responsible for making this decision. After completing this program, participants will be able to assist clients who may want to amend a return. This program is ideal for CPAs, EAs, CFPs, and other financial practitioners.