A promoter is defined by fee structure and share of receipts
What the document says“any person which provides aid, assistance, or advice with respect to such document if--”
The section defines a COVID-ERTC promoter as a person helping with such a document who charges a fee based on the size of the refund or credit and whose receipts from that work in the year or the year before top 20 percent of total receipts, or whose receipts from that work top 50 percent of total receipts, or top 20 percent of total receipts and also exceed $500,000 after applying an aggregation rule. A certified professional employer organization as defined in section 7705 is not a promoter. A COVID-ERTC document is any return, affidavit, claim or other document tied to such a credit, including anything on eligibility or the amount.
What the document actually says“any person which provides aid, assistance, or advice with respect to such document if--”
The term covers a person who helps with such a paper. The tests that follow narrow it.
One test is a fee based on the refund won. The others turn on how much of the firm's income comes from this work. Certain staffing firms are left out.
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