Hudson Yards Trattoria LLC · EIN 82-4716923
| Line | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|
| 1. Employees who received wages | 22 | 22 | 22 | 22 | 22 | 18 | 19 | 19 | 19 |
| 2. Wages, tips, comp | $240,180 | $257,650 | $272,400 | $245,970 | $235,400 | $178,200 | $215,300 | $240,000 | $178,200 |
| 3. Federal income tax withheld | $31,224 | $33,495 | $35,412 | $31,976 | $30,602 | $23,166 | $27,989 | $31,200 | $23,166 |
| 5a. Soc Sec wages × 12.4% | $29,782 | $31,949 | $33,778 | $30,500 | $29,189 | $22,097 | $26,697 | $29,760 | $22,097 |
| 5c. Medicare wages × 2.9% | $6,965 | $7,471 | $7,900 | $7,133 | $6,827 | $5,168 | $6,244 | $6,960 | $5,168 |
| 6. Total taxes | $67,971 | $72,915 | $77,090 | $69,609 | $66,618 | $50,431 | $60,930 | $67,920 | $50,431 |
| 11. Total deposits made | $67,971 | $72,915 | $77,090 | $69,609 | $66,618 | $50,431 | $60,930 | $67,920 | $50,431 |
| Form | Filed | Quarter | Claim | IRS response |
|---|---|---|---|---|
| 941-X (#1) | 2021-07-08 | Q2 2020 | $89,100 ERC (50% × $178,200) | Disallowed, Letter 6577 dated 2024-03-04 |
| 941-X (#2) | 2021-07-08 | Q3 2020 | $107,650 ERC (50% × $215,300) | Disallowed, Letter 6577 dated 2024-03-04 |
| 941-X (#3) | 2021-07-08 | Q4 2020 | $120,000 ERC (50% × $240,000) | Disallowed, Letter 6577 dated 2024-03-04 |
| 941-X (#4) | 2021-07-22 | Q1 2021 | $124,740 ERC (70% × $178,200, capped at $7K/EE/Q) | Disallowed, Letter 6577 dated 2024-03-04 |
| Quarter | Total wages | Owner exclusion (§267(c)) | Qualified wages base | ERC rate | ERC claimed |
|---|---|---|---|---|---|
| Q2 2020 | $178,200 | $0 (owners drew $0) | $178,200 | 50% | $89,100 |
| Q3 2020 | $215,300 | $0 | $215,300 | 50% | $107,650 |
| Q4 2020 | $240,000 | $0 | $240,000 | 50% | $120,000 |
| Q1 2021 | $178,200 | $0 | $133,000 (capped at $7K/EE × 19 EE) | 70% | $93,100 (revised post-cap; see CPA wkpaper) |
Q1 2021 entry shows the post-per-employee-cap calculation. The 941-X as filed claimed $124,740 (a known calculation error — per-employee cap was applied incorrectly). Hundredfold's appeal will request reopening with the corrected $93,100 figure for Q1 2021.
Total ERC claimed (as filed): $441,490 across all four 941-X amendments. Total ERC corrected: $409,850 after Q1 2021 cap correction.