News Summary

• Sarah Torres was counting on two government checks to keep her family-owned bakery afloat when an unfortunate mishap turned her business upside down.
• After depositing two Employee Retention Credit (ERC) checks from the U.S. Treasury worth $212,853, Torres discovered that not only were the checks placed on hold, but her entire business account was frozen.
• Torres eventually learned that the issue was a clerical error involving her business’s Employer Identification Number (EIN) that had been changed last year but apparently wasn’t updated with the IRS.