D Cash

C ERC (Other Income)

The issue is that it’s received Now or 2023 when finalized.

But it was based on 2020/2021 wages.

Amend those 2020/2021 Corp returns but how to record properly in QB since it’s in different periods??

D tax expense

 C wages (to reduce)

What happens to the ERC account in 2022/2023?

Wouldn’t that be a M-1 item since the ERC is being credited/amended for a prior period?

It’s confusing as the tax periods are mixed up.